Zebra Technologies (NASDAQ:ZBRA) Stock Price Expected to Rise, Truist Financial Analyst Says

Zebra Technologies (NASDAQ:ZBRA) had its target price lifted by Truist Financial from $383.00 to $408.00 in a research report released on Thursday morning,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

Several other equities research analysts have also recently commented on the stock. UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted 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, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $398.55.

Zebra Technologies Trading Up 2.0 %

NASDAQ:ZBRA opened at $393.04 on Thursday. The firm has a market capitalization of $20.27 billion, a P/E ratio of 53.47 and a beta of 1.63. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $390.86 and a 200 day moving average of $352.96. Zebra Technologies has a 52 week low of $233.95 and a 52 week high of $413.43.

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

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. FMR LLC raised its stake in shares of Zebra Technologies by 2,423.5% in the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after purchasing an additional 265,014 shares during the last quarter. AXA S.A. increased its holdings in Zebra Technologies by 62.3% in the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after buying an additional 106,630 shares in the last quarter. State Street Corp raised its position in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after acquiring an additional 69,549 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Zebra Technologies by 158.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock valued at $37,356,000 after acquiring an additional 61,842 shares during the last quarter. 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.