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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $398.55.

A number of research analysts have recently commented on ZBRA shares. Truist Financial upped their price target on Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Barclays upped their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley lifted their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Needham & Company LLC upped their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of Zebra Technologies by 20.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,724 shares of the industrial products company’s stock valued at $3,313,000 after purchasing an additional 1,833 shares during the last quarter. TD Asset Management Inc boosted its position in Zebra Technologies by 3.4% during the second quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock valued at $6,717,000 after buying an additional 709 shares during the period. National Bank of Canada FI grew its stake in shares of Zebra Technologies by 23.6% during the second quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock valued at $4,356,000 after buying an additional 2,720 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Zebra Technologies by 8.9% in the second quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company’s stock worth $676,000 after buying an additional 178 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Zebra Technologies by 1,087.2% in the second quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock worth $516,000 after buying an additional 1,533 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $397.00 on Thursday. Zebra Technologies has a 52 week low of $233.95 and a 52 week high of $413.43. The firm’s 50-day simple moving average is $395.46 and its two-hundred day simple moving average is $360.84. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of 54.01 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. As a group, equities analysts forecast that Zebra Technologies will post 12.4 earnings per share for the current 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.