Zebra Technologies (NASDAQ:ZBRA) Given New $415.00 Price Target at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA) had its price objective hoisted by research analysts at Robert W. Baird from $380.00 to $415.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 8.65% from the stock’s previous close.

A number of other brokerages have also commented on ZBRA. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Truist Financial raised their price target on Zebra Technologies from $345.00 to $379.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays raised their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Needham & Company LLC raised their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, TD Cowen raised their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Down 0.5 %

Shares of Zebra Technologies stock opened at $381.97 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $394.57. The stock has a market capitalization of $19.70 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. The company’s 50 day moving average price is $358.62 and its 200-day moving average price is $329.95.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned $3.24 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies will post 11.09 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated 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 transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Several large investors have recently modified their holdings of ZBRA. Wealth Enhancement Advisory Services LLC raised its position in shares of Zebra Technologies by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,551 shares of the industrial products company’s stock worth $1,975,000 after purchasing an additional 153 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Zebra Technologies by 8.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock worth $22,719,000 after buying an additional 5,885 shares in the last quarter. Norden Group LLC bought a new stake in Zebra Technologies in the 1st quarter worth about $2,108,000. Commonwealth Equity Services LLC increased its holdings in Zebra Technologies by 30.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,891 shares of the industrial products company’s stock worth $2,680,000 after buying an additional 2,069 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Zebra Technologies by 19.9% in the 1st quarter. Van ECK Associates Corp now owns 22,820 shares of the industrial products company’s stock worth $6,879,000 after buying an additional 3,792 shares in the last quarter. 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.