Robert W. Baird Raises Zebra Technologies (NASDAQ:ZBRA) Price Target to $330.00

Zebra Technologies (NASDAQ:ZBRA) had its price target lifted by equities research analysts at Robert W. Baird from $312.00 to $330.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 4.91% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Truist Financial assumed coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th. TD Cowen raised their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays started coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Hold” and an average target price of $299.45.

Zebra Technologies Trading Up 4.8 %

Shares of ZBRA stock opened at $314.56 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The stock has a fifty day simple moving average of $287.73 and a two-hundred day simple moving average of $256.72. The firm has a market capitalization of $16.16 billion, a PE ratio of 55.09 and a beta of 1.79. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.70. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $3.59 EPS. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts predict that Zebra Technologies will post 9.76 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.04% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors have recently modified their holdings of the stock. Cutter & CO Brokerage Inc. lifted its stake in Zebra Technologies by 0.7% in the first quarter. Cutter & CO Brokerage Inc. now owns 14,330 shares of the industrial products company’s stock worth $4,320,000 after acquiring an additional 96 shares during the period. Norden Group LLC purchased a new position in Zebra Technologies during the 1st quarter valued at about $2,108,000. Van ECK Associates Corp raised its stake in Zebra Technologies by 19.9% in the first quarter. Van ECK Associates Corp now owns 22,820 shares of the industrial products company’s stock worth $6,879,000 after buying an additional 3,792 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Zebra Technologies by 8.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock worth $22,719,000 after purchasing an additional 5,885 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Zebra Technologies by 30.3% in the first quarter. Commonwealth Equity Services LLC now owns 8,891 shares of the industrial products company’s stock valued at $2,680,000 after purchasing an additional 2,069 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

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.