Zebra Technologies (NASDAQ:ZBRA) Stock Price Expected to Rise, UBS Group Analyst Says

Zebra Technologies (NASDAQ:ZBRA) had its price objective boosted by equities researchers at UBS Group from $390.00 to $445.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. UBS Group’s target price indicates a potential upside of 16.50% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Vertical Research assumed coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Stephens upped their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays upped their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Truist Financial upped their price target on shares of Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird upped their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Down 0.5 %

Zebra Technologies stock opened at $381.97 on Wednesday. The stock has a market capitalization of $19.70 billion, a PE ratio of 51.97 and a beta of 1.66. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $394.57. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $358.62 and a 200-day moving average of $329.95.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.24 earnings per share. On average, equities research analysts anticipate that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

A number of hedge funds have recently made changes to their positions in ZBRA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. raised its holdings in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares during the last quarter. Concord Wealth Partners bought a new position in Zebra Technologies in the 3rd quarter valued at approximately $30,000. Transcendent Capital Group LLC bought a new position in Zebra Technologies in the 2nd quarter valued at approximately $32,000. Finally, BOK Financial Private Wealth Inc. bought a new position in Zebra Technologies in the 1st quarter valued at approximately $36,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.