Zebra Technologies (NASDAQ:ZBRA) Earns “Hold” Rating from Truist Financial

Truist Financial reiterated their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $315.00 price target on the industrial products company’s stock, up from their prior price target of $300.00.

Several other equities research analysts have also commented on the stock. Stephens raised their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an overweight rating in a research note on Wednesday. Wolfe Research upgraded 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. Robert W. Baird increased their price target on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research note on Wednesday. TD Cowen raised their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a report on Wednesday. Finally, Barclays assumed coverage on shares of 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 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 data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $310.64.

Zebra Technologies Trading Down 1.0 %

Shares of 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 company has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $289.78 and its 200 day simple moving average is $258.13.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The company had revenue of $1.18 billion during 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%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.59 earnings per share. Equities research analysts expect that Zebra Technologies will post 9.76 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its holdings in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after buying an additional 56 shares during the period. Global Retirement Partners LLC increased its position in shares of Zebra Technologies by 210.3% in the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of Zebra Technologies during the first quarter valued at approximately $36,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $44,000. Finally, Wellington Shields & Co. LLC acquired a new position in Zebra Technologies in the 1st quarter worth approximately $45,000. 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.