Zebra Technologies (NASDAQ:ZBRA) Upgraded to Buy at StockNews.com

Zebra Technologies (NASDAQ:ZBRA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other analysts have also recently issued reports about the company. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday. Robert W. Baird raised their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday. TD Cowen increased their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stephens lifted their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $384.64 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 52 week low of $198.19 and a 52 week high of $394.57. The firm’s 50 day moving average is $359.28 and its two-hundred day moving average is $330.66. The firm has a market capitalization of $19.84 billion, a P/E ratio of 52.33 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue was up 31.3% on a year-over-year basis. Research analysts forecast that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred 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 owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Zebra Technologies

Hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its position in Zebra Technologies by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,551 shares of the industrial products company’s stock worth $1,975,000 after acquiring an additional 153 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Zebra Technologies by 8.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock worth $22,719,000 after purchasing an additional 5,885 shares during the period. Norden Group LLC purchased a new position in shares of Zebra Technologies in the 1st quarter valued at about $2,108,000. Van ECK Associates Corp lifted its stake in shares of Zebra Technologies by 19.9% in the first quarter. Van ECK Associates Corp now owns 22,820 shares of the industrial products company’s stock valued at $6,879,000 after purchasing an additional 3,792 shares during the period. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Zebra Technologies in the first quarter valued at about $36,000. 91.03% of the stock is owned by institutional investors and hedge funds.

About Zebra Technologies

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.