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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $398.55.

A number of research analysts recently weighed in on the company. UBS Group upped their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price objective on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th.

Zebra Technologies Stock Down 1.0 %

Shares of NASDAQ:ZBRA opened at $381.69 on Thursday. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 51.93 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The business’s 50-day moving average is $396.13 and its 200-day moving average is $363.20. Zebra Technologies has a 1 year low of $233.95 and a 1 year high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. Equities research analysts predict that Zebra Technologies will post 12.4 earnings per share for the current year.

Insider Activity

In other Zebra Technologies 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 transaction of $701,238.01. Following the completion of 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 represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in Zebra Technologies during the third quarter valued at $247,000. Point72 DIFC Ltd bought a new position in Zebra Technologies during the third quarter valued at $2,113,000. Versor Investments LP bought a new position in Zebra Technologies during the third quarter valued at $1,752,000. LVM Capital Management Ltd. MI bought a new position in Zebra Technologies during the fourth quarter valued at $643,000. Finally, Cerity Partners LLC lifted its position in shares of Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares in the last quarter. 91.03% of the stock is 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.