Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $430.00 at Needham & Company LLC

Zebra Technologies (NASDAQ:ZBRA) had its price target raised by Needham & Company LLC from $394.00 to $430.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird upped their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen boosted their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Vertical Research assumed coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective for the company. Finally, Barclays raised their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Trading Up 0.7 %

ZBRA opened at $384.64 on Wednesday. The business’s 50-day simple moving average is $359.28 and its 200-day simple moving average is $331.01. The company has a market cap of $19.84 billion, a P/E ratio of 52.33 and a beta of 1.64. Zebra Technologies has a one year low of $198.19 and a one year high of $394.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, equities research analysts expect that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in Zebra Technologies by 44.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after acquiring an additional 425,207 shares in the last quarter. AXA S.A. grew its stake in shares of Zebra Technologies by 62.3% during the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after purchasing an additional 106,630 shares during the period. Boston Partners increased its holdings in shares of Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after purchasing an additional 69,549 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock worth $25,924,000 after buying an additional 59,332 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

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.