Zebra Technologies’ (ZBRA) Hold Rating Reaffirmed at Truist Financial

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

A number of other research analysts also recently commented on the company. StockNews.com downgraded Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Barclays assumed coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price target for the company. Robert W. Baird increased their price objective on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a report on Wednesday. TD Cowen lifted their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research note on Wednesday. Finally, Needham & Company LLC boosted their target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $310.64.

Zebra Technologies Stock Performance

ZBRA stock opened at $309.05 on Wednesday. The firm has a 50 day simple moving average of $288.42 and a 200 day simple moving average of $257.08. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $322.95. The stock has a market cap of $15.88 billion, a P/E ratio of 61.32 and a beta of 1.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99.

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

Insider Activity at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. raised its stake in Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 82 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies in the first quarter valued at about $36,000. Harvest Fund Management Co. Ltd acquired a new position in Zebra Technologies in the fourth quarter valued at about $44,000. Finally, Tortoise Investment Management LLC grew its stake in Zebra Technologies by 100.0% during the fourth quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock worth $55,000 after buying an additional 100 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Company Profile

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.