Brokerages Set Zebra Technologies Co. (NASDAQ:ZBRA) PT at $310.64

Zebra Technologies Co. (NASDAQ:ZBRA) has been given a consensus rating of “Hold” by the twelve ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $310.64.

A number of brokerages have issued reports on ZBRA. Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price on the stock. Stephens upped their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a research note on Monday, April 8th. Truist Financial reiterated a “hold” rating and issued a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $315.79 on Friday. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 62.66 and a beta of 1.76. The company has a 50 day moving average price of $290.53 and a 200 day moving average price of $259.56. Zebra Technologies has a one year low of $194.59 and a one year high of $322.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.15 billion. During the same period last year, the business posted $3.59 EPS. The company’s revenue was down 16.4% on a year-over-year basis. Sell-side analysts anticipate that Zebra Technologies will post 10.47 EPS for the current year.

Insider Buying and Selling

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently made changes to their positions in ZBRA. Czech National Bank increased its position in Zebra Technologies by 0.5% in the 1st quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock valued at $2,724,000 after acquiring an additional 41 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Zebra Technologies by 3.4% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,652 shares of the industrial products company’s stock worth $498,000 after purchasing an additional 55 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 56 shares during the period. Wahed Invest LLC raised its stake in shares of Zebra Technologies by 7.2% during the fourth quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 58 shares in the last quarter. Finally, MJP Associates Inc. ADV lifted its holdings in Zebra Technologies by 7.5% in the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

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.