StockNews.com Upgrades Zebra Technologies (NASDAQ:ZBRA) to “Hold”

StockNews.com upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a sell rating to a hold rating in a report released on Thursday.

Other equities analysts have also issued reports about the company. Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective for the company. Stephens increased their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a research report on Wednesday, May 1st. Truist Financial reaffirmed a hold rating and issued a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Wolfe Research raised shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 target price for the company in a research note on Monday, April 8th. Finally, Needham & Company LLC lifted their price target on Zebra Technologies from $320.00 to $352.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies has a consensus rating of Hold and a consensus price target of $310.64.

Zebra Technologies Price Performance

Shares of ZBRA opened at $309.59 on Thursday. The stock has a market cap of $15.91 billion, a P/E ratio of 61.43 and a beta of 1.76. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $322.95. The stock’s 50-day moving average price is $289.78 and its two-hundred day moving average price is $258.79. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. Zebra Technologies’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the company posted $3.59 EPS. On average, equities analysts predict that Zebra Technologies will post 10.47 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Colleen M. O’sullivan sold 135 shares of the 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 sale, the chief accounting officer now 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 SEC, which is available at this link. 1.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Czech National Bank grew its position in Zebra Technologies by 0.5% in the first 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 last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Zebra Technologies by 3.4% during the 1st 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. lifted its stake in Zebra Technologies by 60.2% in the 3rd 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 last quarter. Wahed Invest LLC boosted its position in Zebra Technologies by 7.2% in the fourth quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock valued at $238,000 after buying an additional 58 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its stake in shares of Zebra Technologies by 7.5% during the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after buying an additional 64 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

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.