Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $368.00 at UBS Group

Zebra Technologies (NASDAQ:ZBRA) had its target price boosted by UBS Group from $340.00 to $368.00 in a research note issued to investors on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the industrial products company’s stock.

ZBRA has been the subject of several other reports. StockNews.com lowered Zebra Technologies from a hold rating to a sell rating in a research report on Friday, February 16th. Barclays assumed coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price objective for the company. Truist Financial reiterated a hold rating and issued a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a report on Wednesday. Wolfe Research upgraded shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target for the company in a report on Monday, April 8th. Finally, Needham & Company LLC boosted their price target on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a buy rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $310.64.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $309.05 on Wednesday. The stock’s 50-day moving average is $288.42 and its 200-day moving average is $257.08. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $322.95. 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 has a market cap of $15.88 billion, a P/E ratio of 61.32 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $3.59 EPS. Equities research analysts anticipate that Zebra Technologies will post 9.76 earnings per share for the current year.

Insider Activity at Zebra Technologies

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 shares were 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 directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its holdings in 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 worth $5,206,000 after acquiring 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% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,130 shares of the industrial products company’s stock worth $4,525,000 after purchasing an additional 3,574 shares in the last quarter. Raymond James & Associates grew its position in 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% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,285 shares of the industrial products company’s stock valued at $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 third 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 last quarter. Institutional investors 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.