Zebra Technologies (NASDAQ:ZBRA) Receives “Hold” Rating from Truist Financial

Truist Financial restated their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $315.00 price target on the industrial products company’s stock, up from their previous price target of $300.00.

A number of other research analysts have also weighed in on ZBRA. Stephens increased their price target on Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a research note on Wednesday. StockNews.com downgraded Zebra Technologies from a hold rating to a sell rating in a research report on Friday, February 16th. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target for the company in a report on Monday, April 8th. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $320.00 to $352.00 and gave the company a buy rating in a research note on Wednesday. Finally, Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of Hold and an average target price of $310.64.

Zebra Technologies Price Performance

ZBRA stock opened at $309.05 on Wednesday. The stock’s 50 day moving average price is $288.42 and its 200 day moving average price is $257.08. The firm has a market cap of $15.88 billion, a P/E ratio of 61.32 and a beta of 1.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.59 earnings per share. On average, sell-side analysts expect that Zebra Technologies will post 9.76 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Czech National Bank lifted its position in shares of Zebra Technologies by 0.5% during the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock worth $2,724,000 after purchasing an additional 41 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after buying an additional 56 shares during the last quarter. Wahed Invest LLC grew its position in shares of Zebra Technologies by 7.2% in the 4th quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 58 shares in the last quarter. MJP Associates Inc. ADV increased its holdings in shares of Zebra Technologies by 7.5% in the 4th quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 64 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC raised its position in shares of Zebra Technologies by 16.1% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 504 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 70 shares in the last quarter. 91.03% of the stock is currently 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.