Zebra Technologies (NASDAQ:ZBRA) Given Hold Rating at Truist Financial

Truist Financial reissued their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a research note published on Wednesday, Benzinga reports. They currently have a $383.00 price objective on the industrial products company’s stock, up from their previous price objective of $379.00.

Other equities research analysts have also recently issued reports about the stock. TD Cowen upped their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. UBS Group increased their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Vertical Research began coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective for the company. Finally, Needham & Company LLC boosted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Trading Up 0.7 %

Zebra Technologies stock opened at $384.64 on Wednesday. The company’s fifty day moving average price is $359.28 and its two-hundred day moving average price is $330.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.84. Zebra Technologies has a one year low of $198.19 and a one year high of $394.57. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. On average, analysts forecast that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Concord Wealth Partners bought a new stake in Zebra Technologies in the third quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. grew its holdings in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies during the 2nd quarter worth about $32,000. Finally, Blue Trust Inc. lifted its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

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.