Stephens Boosts Zebra Technologies (NASDAQ:ZBRA) Price Target to $380.00

Zebra Technologies (NASDAQ:ZBRA) had its price target raised by Stephens from $335.00 to $380.00 in a research report report published on Wednesday, Benzinga reports. Stephens currently has an overweight rating on the industrial products company’s stock.

Several other analysts also recently commented on the stock. Robert W. Baird raised their price objective on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an outperform rating in a research report on Wednesday. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a report on Monday, April 8th. TD Cowen boosted their price objective on Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research report on Wednesday. Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 target price for the company. Finally, Truist Financial assumed coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a hold rating and a $300.00 price target for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $310.64.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $309.05 on Wednesday. The business has a 50-day simple moving average of $288.42 and a two-hundred day simple moving average of $257.08. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. 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 price-to-earnings ratio of 61.32 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $3.59 EPS. The firm’s revenue was down 16.4% on a year-over-year basis. On average, analysts expect that Zebra Technologies will post 9.76 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’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 of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently bought and sold shares of the business. BOK Financial Private Wealth Inc. purchased a new position in shares of Zebra Technologies in the 1st quarter worth $36,000. Global Retirement Partners LLC raised its position in shares of 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 buying an additional 82 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Zebra Technologies during the fourth quarter worth approximately $44,000. Finally, Tortoise Investment Management LLC raised its position 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 valued at $55,000 after purchasing an additional 100 shares during the period. 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.