Zebra Technologies Co. (NASDAQ:ZBRA) Receives $385.18 Average Price Target from Brokerages

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $385.18.

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Truist Financial restated a “hold” rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” 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 research report on Thursday, October 31st.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $397.19 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock has a market cap of $20.49 billion, a P/E ratio of 53.42 and a beta of 1.64. The business’s 50 day moving average price is $374.50 and its 200-day moving average price is $340.51. Zebra Technologies has a 52 week low of $225.83 and a 52 week high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. Equities research analysts anticipate that Zebra Technologies will post 12.4 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s 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 transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC increased its stake in shares of Zebra Technologies by 390.0% in the third quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 234 shares in the last quarter. Virtu Financial LLC bought a new stake in Zebra Technologies during the third quarter valued at about $269,000. TD Private Client Wealth LLC lifted its position in shares of Zebra Technologies by 0.7% in the third quarter. TD Private Client Wealth LLC now owns 7,280 shares of the industrial products company’s stock valued at $2,696,000 after acquiring an additional 52 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after acquiring an additional 14,237 shares during the period. Finally, Barclays PLC grew its position in shares of Zebra Technologies by 2.4% during the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after purchasing an additional 2,617 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

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.