Zebra Technologies Co. (NASDAQ:ZBRA) Receives $352.73 Average Target Price from Analysts

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $379.73.

Several analysts have recently weighed in on the company. Truist Financial reissued a “hold” rating and set a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday. Barclays lifted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Vertical Research initiated coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective for the company. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Zebra Technologies by 44.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after buying an additional 425,207 shares in the last quarter. AXA S.A. grew its holdings in Zebra Technologies by 62.3% during the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after acquiring an additional 106,630 shares during the last quarter. Boston Partners increased its position in Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after acquiring an additional 98,045 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after acquiring an additional 69,549 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock worth $25,924,000 after purchasing an additional 59,332 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.2 %

Zebra Technologies stock opened at $383.89 on Friday. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $394.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The firm has a market capitalization of $19.80 billion, a PE ratio of 86.66 and a beta of 1.66. The business’s 50-day simple moving average is $357.82 and its 200-day simple moving average is $329.59.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $3.24 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies will post 11.09 earnings per share for the current year.

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.