Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $407.00

Zebra Technologies (NASDAQ:ZBRA) had its target price hoisted by Barclays from $347.00 to $407.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

ZBRA has been the subject of a number of other research reports. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Stephens lifted 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $384.64 on Thursday. 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 current ratio of 1.37 and a quick ratio of 0.84. The company has a market cap of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.64. The firm has a 50 day simple moving average of $359.28 and a 200 day simple moving average of $331.39.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share 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 the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. Zebra Technologies’s revenue for the quarter was up 31.3% on a year-over-year basis. Research analysts predict that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ZBRA. Concord Wealth Partners bought a new stake in Zebra Technologies in the 3rd quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies during the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies during the second quarter worth approximately $32,000. Finally, Blue Trust Inc. lifted its holdings in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. 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.