Citigroup Initiates Coverage on Zebra Technologies (NASDAQ:ZBRA)

Equities research analysts at Citigroup initiated coverage on shares of Zebra Technologies (NASDAQ:ZBRA) in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $430.00 price target on the industrial products company’s stock. Citigroup’s target price would suggest a potential upside of 12.66% from the stock’s previous close.

ZBRA has been the subject of a number of other research reports. Morgan Stanley upped their price target on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $401.17.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $381.69 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $19.69 billion, a P/E ratio of 51.93 and a beta of 1.64. Zebra Technologies has a 12-month low of $233.95 and a 12-month high of $413.43. The firm has a 50-day moving average price of $396.13 and a two-hundred day moving average price of $363.20.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. Analysts anticipate that Zebra Technologies will post 12.4 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

A number of large investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC grew its holdings in Zebra Technologies by 19.6% in the fourth quarter. Eagle Bay Advisors LLC now owns 664 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 109 shares during the period. Czech National Bank lifted its position in shares of Zebra Technologies by 6.4% during the fourth quarter. Czech National Bank now owns 11,184 shares of the industrial products company’s stock valued at $4,319,000 after purchasing an additional 677 shares in the last quarter. LVM Capital Management Ltd. MI bought a new position in shares of Zebra Technologies during the fourth quarter valued at about $643,000. Fortitude Family Office LLC lifted its position in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 59 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in Zebra Technologies by 3.8% during the fourth quarter. Fulton Bank N.A. now owns 2,953 shares of the industrial products company’s stock worth $1,141,000 after buying an additional 108 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.