Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $330.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective raised by Robert W. Baird from $312.00 to $330.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

ZBRA has been the topic of several other research reports. TD Cowen lifted their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a buy rating in a research note on Wednesday. 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 report on Thursday, March 14th. They issued a hold rating and a $300.00 price target for the company. Barclays assumed coverage on shares of 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, StockNews.com downgraded shares of Zebra Technologies from a hold rating to a sell rating in a report on Friday, February 16th. Two research 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. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $310.64.

Zebra Technologies Trading Down 1.0 %

Shares of ZBRA stock opened at $309.59 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $322.95. The firm’s 50 day moving average price is $289.78 and its two-hundred day moving average price is $258.13. The stock has a market cap 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 quarterly earnings data 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. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company posted $3.59 earnings per share. On average, analysts anticipate that Zebra Technologies will post 9.76 EPS for the current year.

Insider Transactions at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’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 completion of the sale, the chief accounting officer now 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 available at this link. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. increased its holdings in shares of Zebra Technologies by 5.5% in the third quarter. Asset Management One Co. Ltd. now owns 22,011 shares of the industrial products company’s stock valued at $5,206,000 after buying an additional 1,152 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Zebra Technologies by 23.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,130 shares of the industrial products company’s stock valued at $4,525,000 after purchasing an additional 3,574 shares during the last quarter. Raymond James & Associates boosted its position in shares of Zebra Technologies by 8.2% in the 3rd quarter. Raymond James & Associates now owns 167,719 shares of the industrial products company’s stock valued at $39,671,000 after purchasing an additional 12,745 shares during the period. Stratos Wealth Partners LTD. increased its stake in Zebra Technologies by 3.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,285 shares of the industrial products company’s stock worth $2,433,000 after purchasing an additional 387 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Zebra Technologies by 5.0% during the 3rd quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company’s stock worth $1,026,000 after buying an additional 211 shares during the period. 91.03% of the stock is currently 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.