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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $349.64.

Several equities research analysts recently commented on ZBRA shares. Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stephens lifted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Vertical Research started coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target for the company. Finally, BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $258.00 to $305.00 in a report on Thursday, June 13th.

Zebra Technologies Stock Up 0.5 %

Shares of NASDAQ ZBRA opened at $370.32 on Tuesday. The company has a 50 day simple moving average of $339.81 and a 200 day simple moving average of $317.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $375.88. The firm has a market cap of $19.10 billion, a PE ratio of 73.48 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $3.24 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Zebra Technologies will post 11.12 EPS for the current year.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZBRA. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zebra Technologies during the 2nd quarter valued at about $27,000. Sanctuary Advisors LLC purchased a new position in Zebra Technologies during the second quarter valued at approximately $3,134,000. KPP Advisory Services LLC increased its holdings in Zebra Technologies by 11.8% during the 2nd quarter. KPP Advisory Services LLC now owns 1,218 shares of the industrial products company’s stock worth $376,000 after acquiring an additional 129 shares during the period. Cetera Investment Advisers increased its holdings in Zebra Technologies by 11.3% during the 2nd quarter. Cetera Investment Advisers now owns 9,202 shares of the industrial products company’s stock worth $2,843,000 after acquiring an additional 931 shares during the period. Finally, Truist Financial Corp lifted its stake in Zebra Technologies by 3.8% in the 2nd quarter. Truist Financial Corp now owns 46,346 shares of the industrial products company’s stock worth $14,318,000 after purchasing an additional 1,694 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

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.