Zebra Technologies (NASDAQ:ZBRA) PT Raised to $352.00

Zebra Technologies (NASDAQ:ZBRA) had its price target lifted by research analysts at Needham & Company LLC from $320.00 to $352.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 11.90% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Robert W. Baird upped their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. 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 research note on Monday, April 8th. TD Cowen upped their price target on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays started coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $299.45.

Zebra Technologies Stock Up 4.8 %

ZBRA stock opened at $314.56 on Wednesday. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $322.95. The business’s 50 day moving average price is $287.73 and its two-hundred day moving average price is $256.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 55.09 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $3.59 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, analysts forecast that Zebra Technologies will post 9.76 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in shares of Zebra Technologies by 663.2% during the 4th 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 period. Boston Partners lifted its holdings in shares of Zebra Technologies by 107.1% during the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after buying an additional 522,779 shares during the period. Norges Bank bought a new position in shares of Zebra Technologies during the 4th quarter valued at $102,886,000. APG Asset Management US Inc. bought a new position in shares of Zebra Technologies during the 4th quarter valued at $67,476,000. Finally, Fort Pitt Capital Group LLC lifted its holdings in shares of Zebra Technologies by 24,337.4% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock valued at $56,010,000 after buying an additional 235,829 shares during the period. 91.03% of the stock is owned by institutional investors.

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.