Robert W. Baird Forecasts Strong Price Appreciation for Zebra Technologies (NASDAQ:ZBRA) Stock

Zebra Technologies (NASDAQ:ZBRA) had its target price hoisted by Robert W. Baird from $380.00 to $415.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

ZBRA has been the subject of several other reports. Needham & Company LLC increased their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barclays raised their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Truist Financial increased their price objective on shares of Zebra Technologies from $345.00 to $379.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Vertical Research initiated coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock. Finally, Stephens upped their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Trading Up 0.7 %

NASDAQ:ZBRA opened at $384.64 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 1-year low of $198.19 and a 1-year high of $394.57. The firm has a market capitalization of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.66. The business’s 50-day moving average price is $359.28 and its two-hundred day moving average price is $330.66.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $0.57 EPS. Zebra Technologies’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, equities analysts expect that Zebra Technologies will post 11.09 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies during the 3rd quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zebra Technologies during the second quarter worth approximately $27,000. Farmers & Merchants Investments Inc. boosted its holdings in shares of Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies in the second quarter valued at approximately $32,000. Finally, Blue Trust Inc. increased its stake in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. 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.