Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $427.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective hoisted by Morgan Stanley from $400.00 to $427.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Several other equities research analysts have also issued reports on ZBRA. TD Cowen lifted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC lifted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four research 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. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Zebra Technologies Stock Up 0.5 %

ZBRA opened at $385.37 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies has a one year low of $233.95 and a one year high of $413.43. The firm has a market capitalization of $19.88 billion, a P/E ratio of 52.43 and a beta of 1.63. The company has a fifty day moving average price of $390.50 and a 200-day moving average price of $352.02.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. Equities research analysts expect that Zebra Technologies will post 12.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. 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.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds have recently made changes to their positions in the business. Concord Wealth Partners purchased a new position in shares of Zebra Technologies during the third quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zebra Technologies during the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. grew its holdings in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies in the 2nd quarter worth approximately $32,000. Finally, Blue Trust Inc. lifted its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. 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.