TD Cowen Boosts Zebra Technologies (NASDAQ:ZBRA) Price Target to $375.00

Zebra Technologies (NASDAQ:ZBRA) had its price target boosted by TD Cowen from $300.00 to $375.00 in a research report released on Wednesday, Benzinga reports. TD Cowen currently has a buy rating on the industrial products company’s stock.

ZBRA has been the topic of a number of other reports. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 target price on the stock in a research report on Monday, April 8th. Truist Financial began coverage on Zebra Technologies in a research report on Thursday, March 14th. They set a hold rating and a $300.00 target price on the stock. StockNews.com lowered Zebra Technologies from a hold rating to a sell rating in a research report on Friday, February 16th. Finally, Barclays started coverage on Zebra Technologies in a report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $310.64.

Zebra Technologies Trading Down 1.0 %

NASDAQ:ZBRA opened at $309.59 on Wednesday. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $322.95. The firm has a market capitalization of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.54. The business’s 50-day moving average is $289.78 and its two-hundred day moving average is $258.44.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $3.59 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. Research analysts predict that Zebra Technologies will post 10.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies 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 completion of the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Shields Capital Management LLC acquired a new position in shares of Zebra Technologies during the first quarter worth approximately $163,000. Wellington Shields & Co. LLC acquired a new position in shares of Zebra Technologies during the first quarter worth approximately $45,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Zebra Technologies by 621.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 411 shares of the industrial products company’s stock worth $124,000 after buying an additional 354 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Zebra Technologies during the first quarter worth approximately $60,000. Finally, Meridian Management Co. acquired a new position in shares of Zebra Technologies during the first quarter worth approximately $3,330,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

About Zebra Technologies

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.