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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $327.67.

Several equities research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Truist Financial restated a “hold” rating and issued a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. TD Cowen boosted their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC upped their price target on shares of Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, May 16th.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors have recently added to or reduced their stakes in ZBRA. IFM Investors Pty Ltd grew its position in Zebra Technologies by 1.4% in the fourth quarter. IFM Investors Pty Ltd now owns 11,386 shares of the industrial products company’s stock valued at $3,112,000 after acquiring an additional 157 shares during the period. CX Institutional acquired a new stake in shares of Zebra Technologies during the 4th quarter worth about $284,000. Norway Savings Bank acquired a new stake in shares of Zebra Technologies during the 4th quarter worth about $444,000. Heron Bay Capital Management raised its stake in shares of Zebra Technologies by 8.0% in the fourth quarter. Heron Bay Capital Management now owns 11,747 shares of the industrial products company’s stock valued at $3,211,000 after acquiring an additional 874 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Zebra Technologies by 34.6% in the 4th quarter. SG Americas Securities LLC now owns 7,447 shares of the industrial products company’s stock valued at $2,035,000 after purchasing an additional 1,914 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

ZBRA stock opened at $322.09 on Thursday. The firm has a 50 day moving average of $314.01 and a two-hundred day moving average of $291.46. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $337.08. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 63.91 and a beta of 1.66. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. Zebra Technologies’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.59 EPS. As a group, equities analysts anticipate that Zebra Technologies will post 10.76 EPS for the current fiscal 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.