Brokerages Set Zebra Technologies Co. (NASDAQ:ZBRA) Price Target at $401.25

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $401.25.

ZBRA has been the topic of several recent analyst reports. Barclays raised their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen increased their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Finally, Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $388.04 on Monday. The company has a market cap of $20.02 billion, a P/E ratio of 52.79 and a beta of 1.63. Zebra Technologies has a fifty-two week low of $240.38 and a fifty-two week high of $427.76. The business’s 50 day moving average price is $398.99 and its 200-day moving average price is $372.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors have recently added to or reduced their stakes in ZBRA. FMR LLC lifted its stake in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Zebra Technologies by 111.0% in the 4th quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company’s stock valued at $63,427,000 after purchasing an additional 86,379 shares in the last quarter. State Street Corp grew its holdings in shares of Zebra Technologies by 3.4% during the third 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after buying an additional 69,549 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

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.