Barclays Raises Zebra Technologies (NASDAQ:ZBRA) Price Target to $347.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective boosted by Barclays from $314.00 to $347.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Other analysts have also recently issued reports about the company. Robert W. Baird boosted their price target on Zebra Technologies from $355.00 to $375.00 and gave the stock an outperform rating in a research report on Wednesday. UBS Group increased their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Stephens boosted their target price on Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. TD Cowen upped their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a buy rating in a report on Wednesday. Finally, BNP Paribas raised shares of Zebra Technologies from an underperform rating to a neutral rating and increased their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $349.64.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $322.30 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28. The firm has a fifty day moving average of $315.85 and a 200 day moving average of $295.15. The firm has a market cap of $16.57 billion, a PE ratio of 63.95 and a beta of 1.65. Zebra Technologies has a one year low of $194.59 and a one year high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.24 earnings per share. As a group, research analysts predict that Zebra Technologies will post 10.76 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Zebra Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after acquiring an additional 22,327 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after buying an additional 425,207 shares during the last quarter. Boston Partners lifted its position in Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after acquiring an additional 98,045 shares during the period. Victory Capital Management Inc. grew its position in Zebra Technologies by 663.2% in the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after buying an additional 840,169 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Zebra Technologies by 13.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 636,556 shares of the industrial products company’s stock worth $173,990,000 after acquiring an additional 77,885 shares during the period. Hedge funds and other 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.