Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $445.00 at UBS Group

Zebra Technologies (NASDAQ:ZBRA) had its price objective increased by UBS Group from $390.00 to $445.00 in a research note published on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also commented on ZBRA. Stephens lifted their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays lifted their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Vertical Research started coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. Finally, Needham & Company LLC lifted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.73.

Zebra Technologies Price Performance

ZBRA stock opened at $383.89 on Wednesday. The business has a 50 day moving average price of $357.82 and a 200 day moving average price of $329.59. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of 86.66 and a beta of 1.66. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $394.57. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.24 earnings per share. Equities research analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.04% of the company’s stock.

Institutional Trading of Zebra Technologies

Large investors have recently bought and sold shares of the company. Hixon Zuercher LLC acquired a new stake in shares of Zebra Technologies during the third quarter valued at $222,000. Asset Management One Co. Ltd. boosted its stake in shares of Zebra Technologies by 6.6% during the third quarter. Asset Management One Co. Ltd. now owns 19,900 shares of the industrial products company’s stock valued at $7,369,000 after acquiring an additional 1,235 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Zebra Technologies by 44.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 167,125 shares of the industrial products company’s stock valued at $61,890,000 after acquiring an additional 51,488 shares during the last quarter. Optas LLC boosted its stake in shares of Zebra Technologies by 3.0% during the third quarter. Optas LLC now owns 1,616 shares of the industrial products company’s stock valued at $598,000 after acquiring an additional 47 shares during the last quarter. Finally, F M Investments LLC acquired a new stake in shares of Zebra Technologies during the third quarter valued at $1,643,000. Institutional investors and hedge funds 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.