Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Rating of “Moderate Buy” by Analysts

Zebra Technologies Co. (NASDAQ:ZBRA) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $352.73.

A number of brokerages recently commented on ZBRA. Stephens raised their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays raised their price target on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Vertical Research initiated coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. TD Cowen raised their price target on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $360.09 on Friday. Zebra Technologies has a one year low of $194.59 and a one year high of $380.05. The stock’s fifty day moving average is $355.92 and its 200 day moving average is $327.72. The stock has a market cap of $18.57 billion, a P/E ratio of 81.28 and a beta of 1.66. 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 (NASDAQ:ZBRA) last announced 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. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $3.24 EPS. Zebra Technologies’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current year.

Insider Transactions 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 sale, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zebra Technologies in the second quarter worth about $27,000. Farmers & Merchants Investments Inc. grew its position in Zebra Technologies by 185.3% in the second 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 in the last quarter. Concord Wealth Partners purchased a new position in Zebra Technologies in the third quarter worth about $30,000. Transcendent Capital Group LLC purchased a new position in Zebra Technologies in the second quarter worth about $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in Zebra Technologies in the first quarter worth about $36,000. 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.