Truist Financial Reiterates Hold Rating for Zebra Technologies (NASDAQ:ZBRA)

Truist Financial reiterated their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a report released on Wednesday morning, Benzinga reports. They currently have a $345.00 target price on the industrial products company’s stock, up from their prior target price of $315.00.

A number of other analysts also recently weighed in on the stock. UBS Group increased their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Stephens increased their price target on Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a report on Monday, April 8th. Robert W. Baird increased their price target on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Finally, StockNews.com upgraded Zebra Technologies from a sell rating to a hold rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $349.64.

Zebra Technologies Trading Down 5.9 %

Shares of Zebra Technologies stock opened at $322.30 on Wednesday. The firm has a 50-day moving average of $315.85 and a 200-day moving average of $295.52. The stock has a market cap of $16.57 billion, a PE ratio of 63.95 and a beta of 1.65. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $372.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.24 earnings per share. As a group, sell-side analysts forecast that Zebra Technologies will post 10.79 EPS for the current year.

Insiders Place Their Bets

In other news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Zebra Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after purchasing an additional 22,327 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after buying an additional 425,207 shares during the last quarter. Boston Partners boosted its stake in Zebra Technologies by 9.7% during the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after buying an additional 98,045 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Zebra Technologies by 663.2% during the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after buying an additional 840,169 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Zebra Technologies by 13.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 636,556 shares of the industrial products company’s stock valued at $173,990,000 after buying an additional 77,885 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.