Brokerages Set Zebra Technologies Co. (NASDAQ:ZBRA) Target Price at $352.73

Zebra Technologies Co. (NASDAQ:ZBRA) has received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $385.18.

Several brokerages recently issued reports on ZBRA. TD Cowen boosted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday. Needham & Company LLC boosted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial reiterated a “hold” rating and issued a $383.00 price objective (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday. Finally, Robert W. Baird boosted 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.

Insiders Place Their Bets

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 shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors and hedge funds have recently modified their holdings of ZBRA. Wealthcare Advisory Partners LLC acquired a new position in shares of Zebra Technologies in the first quarter valued at $1,272,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Zebra Technologies by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,551 shares of the industrial products company’s stock valued at $1,975,000 after acquiring an additional 153 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of Zebra Technologies in the first quarter valued at about $61,000. Allspring Global Investments Holdings LLC grew its stake in shares of Zebra Technologies by 8.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock valued at $22,719,000 after acquiring an additional 5,885 shares in the last quarter. Finally, Norden Group LLC acquired a new position in shares of Zebra Technologies in the first quarter valued at about $2,108,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $384.64 on Friday. The stock has a market capitalization of $19.84 billion, a P/E ratio of 52.33 and a beta of 1.64. Zebra Technologies has a 1-year low of $198.19 and a 1-year high of $394.57. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $359.28 and a two-hundred day moving average price of $330.66.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. Equities analysts predict that Zebra Technologies will post 11.09 earnings per share for the current year.

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.