Zebra Technologies Co. (NASDAQ:ZBRA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Zebra Technologies Co. (NASDAQ:ZBRA) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $381.42.

A number of research firms have commented on ZBRA. Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Truist Financial reduced their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Needham & Company LLC reduced their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group dropped their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th.

Zebra Technologies Trading Up 0.6 %

Zebra Technologies stock opened at $282.56 on Tuesday. The stock has a market cap of $14.52 billion, a P/E ratio of 27.76 and a beta of 1.68. Zebra Technologies has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The firm’s fifty day moving average price is $329.71 and its 200-day moving average price is $365.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities research analysts forecast that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds have recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV increased its position in Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Investment Management Corp VA ADV purchased a new position in shares of Zebra Technologies during the fourth quarter valued at about $27,000. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the fourth quarter valued at about $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the fourth quarter worth about $31,000. Finally, Avalon Trust Co purchased a new stake in Zebra Technologies in the fourth quarter worth about $35,000. 91.03% of the stock is owned by hedge funds and other 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.