Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $410.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective lifted by Stephens from $380.00 to $410.00 in a report published on Friday, Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other brokerages also recently weighed in on ZBRA. Needham & Company LLC upped their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Truist Financial reaffirmed a hold rating and set a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Wolfe Research raised shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target for the company in a report on Monday, April 8th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Finally, BNP Paribas upgraded shares of Zebra Technologies from an underperform rating to a neutral rating and upped their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $349.64.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $317.86 on Friday. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 63.07 and a beta of 1.65. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two 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. The stock has a fifty day moving average price of $315.85 and a 200-day moving average price of $295.91.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm earned $3.24 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Zebra Technologies will post 11.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by insiders.

Institutional Trading of Zebra Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in Zebra Technologies by 8.9% during the second quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company’s stock worth $676,000 after buying an additional 178 shares during the last quarter. Palmer Knight Co increased its stake in shares of Zebra Technologies by 0.4% in the second quarter. Palmer Knight Co now owns 24,220 shares of the industrial products company’s stock worth $7,482,000 after purchasing an additional 89 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Zebra Technologies by 23.6% in the second quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock worth $4,356,000 after purchasing an additional 2,720 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Zebra Technologies by 3.4% in the second quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock worth $6,717,000 after purchasing an additional 709 shares in 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.