Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $407.00

Zebra Technologies (NASDAQ:ZBRA) had its price target raised by Barclays from $347.00 to $407.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

ZBRA has been the subject of several other reports. Truist Financial reiterated a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday. Vertical Research initiated coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday. Stephens raised their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, TD Cowen increased 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $384.64 on Thursday. The stock has a 50 day moving average of $359.28 and a 200 day moving average of $331.01. 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 12 month low of $198.19 and a 12 month high of $394.57. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.64.

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. The company had revenue of $1.26 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. As a group, sell-side analysts forecast that Zebra Technologies will post 11.09 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Zebra Technologies

Several large investors have recently made changes to their positions in ZBRA. Price T Rowe Associates Inc. MD increased its holdings in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after acquiring an additional 425,207 shares in the last quarter. AXA S.A. raised its holdings in Zebra Technologies by 62.3% in the second 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 during the last quarter. Boston Partners lifted its stake in shares of Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after buying an additional 98,045 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Zebra Technologies by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after buying an additional 69,549 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after acquiring an additional 59,332 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other 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.