Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $430.00

Zebra Technologies (NASDAQ:ZBRA) had its target price increased by Needham & Company LLC from $394.00 to $430.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research analysts also recently weighed in on the stock. Stephens increased their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Truist Financial raised their target price on Zebra Technologies from $345.00 to $379.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Vertical Research assumed 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $384.64 on Wednesday. The firm has a market capitalization of $19.84 billion, a P/E ratio of 52.33 and a beta of 1.66. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $359.28 and its 200 day simple moving average is $330.66. Zebra Technologies has a 12 month low of $198.19 and a 12 month high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share 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 the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. As a group, analysts anticipate that Zebra Technologies will post 11.09 EPS for the current year.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the 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 owns 9,694 shares in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZBRA. Cascade Investment Advisors Inc. grew its stake in Zebra Technologies by 0.7% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after buying an additional 30 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after buying an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Zebra Technologies by 3.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company’s stock worth $431,000 after acquiring an additional 35 shares in the last quarter. Finally, Valmark Advisers Inc. increased its stake in Zebra Technologies by 4.3% in the third quarter. Valmark Advisers Inc. now owns 841 shares of the industrial products company’s stock valued at $311,000 after acquiring an additional 35 shares during the last quarter. 91.03% of the stock is currently 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.