Zebra Technologies (NASDAQ:ZBRA) Price Target Increased to $375.00 by Analysts at TD Cowen

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

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Zebra Technologies from a hold rating to a sell rating in a report on Friday, February 16th. Truist Financial initiated coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They set a hold rating and a $300.00 price objective on the stock. Barclays began coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 target price for the company. Finally, Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective on the stock in a research note on Monday, April 8th. Two 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 company’s stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of Hold and a consensus price target of $310.64.

Zebra Technologies Price Performance

ZBRA opened at $309.59 on Wednesday. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $322.95. The firm’s fifty day moving average price is $289.78 and its two-hundred day moving average price is $258.13. 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 company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.59 EPS. As a group, analysts anticipate that Zebra Technologies will post 9.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in 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 in the last quarter. Boston Partners boosted its position 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 acquiring an additional 522,779 shares during the last quarter. Norges Bank purchased a new position in shares of Zebra Technologies in the fourth quarter valued at $102,886,000. APG Asset Management US Inc. bought a new stake in Zebra Technologies in the fourth quarter worth $67,476,000. Finally, Fort Pitt Capital Group LLC raised its stake in Zebra Technologies by 24,337.4% during the third quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock valued at $56,010,000 after purchasing an additional 235,829 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other 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.