Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Rating of “Moderate Buy” by Analysts

Zebra Technologies Co. (NASDAQ:ZBRA) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $393.82.

ZBRA has been the topic of several research reports. Needham & Company LLC increased their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. TD Cowen lifted their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised Zebra Technologies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $305.00 to $400.00 in a research report on Monday, December 2nd.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds have recently bought and sold shares of ZBRA. Raymond James & Associates boosted its stake in shares of Zebra Technologies by 2.5% during the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after purchasing an additional 4,750 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Zebra Technologies by 0.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 23,776 shares of the industrial products company’s stock worth $7,345,000 after acquiring an additional 123 shares during the period. Capital Investment Services of America Inc. raised its holdings in Zebra Technologies by 2.3% in the 2nd quarter. Capital Investment Services of America Inc. now owns 60,402 shares of the industrial products company’s stock valued at $18,660,000 after acquiring an additional 1,366 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Zebra Technologies by 200.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 594 shares of the industrial products company’s stock worth $184,000 after purchasing an additional 396 shares during the period. Finally, ZWJ Investment Counsel Inc. grew its position in shares of Zebra Technologies by 1.3% in the second quarter. ZWJ Investment Counsel Inc. now owns 26,422 shares of the industrial products company’s stock valued at $8,163,000 after purchasing an additional 349 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 1.0 %

Shares of ZBRA opened at $403.59 on Friday. The stock has a 50 day moving average price of $388.62 and a 200 day moving average price of $349.94. Zebra Technologies has a one year low of $233.95 and a one year high of $413.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. Equities research analysts forecast that Zebra Technologies will post 12.4 earnings per share for the current fiscal year.

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.