Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $408.00

Zebra Technologies (NASDAQ:ZBRA) had its target price boosted by Truist Financial from $383.00 to $408.00 in a report published on Thursday morning,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

A number of other research firms have also recently weighed in on ZBRA. Morgan Stanley boosted their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Barclays upped their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group upped their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Zebra Technologies Price Performance

ZBRA stock opened at $393.04 on Thursday. 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 1 year low of $233.95 and a 1 year high of $413.43. The company’s 50-day moving average is $390.86 and its 200-day moving average is $352.96. The stock has a market capitalization of $20.27 billion, a PE ratio of 53.47 and a beta of 1.63.

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

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares in the last quarter. AXA S.A. raised its position in Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after purchasing an additional 106,630 shares in the last quarter. State Street Corp lifted its stake in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Zebra Technologies by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after purchasing an additional 69,549 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Zebra Technologies by 158.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock worth $37,356,000 after purchasing an additional 61,842 shares in the last quarter. 91.03% of the stock is currently owned by 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.