Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $415.00

Zebra Technologies (NASDAQ:ZBRA) had its price target boosted by Robert W. Baird from $380.00 to $415.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

ZBRA has been the topic of several other research reports. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. Needham & Company LLC boosted their price objective on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays raised their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Stephens upped their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Up 0.7 %

ZBRA stock opened at $384.64 on Wednesday. The firm has a market cap of $19.84 billion, a PE ratio of 52.33 and a beta of 1.66. Zebra Technologies has a 1 year low of $198.19 and a 1 year high of $394.57. The company has a fifty day simple moving average of $359.28 and a 200 day simple moving average of $330.66. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s revenue was up 31.3% on a year-over-year basis. Sell-side analysts anticipate that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies 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 completion of the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Zebra Technologies by 2.4% during 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 purchasing an additional 153 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Zebra Technologies by 8.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock valued at $22,719,000 after acquiring an additional 5,885 shares in the last quarter. Norden Group LLC bought a new position in shares of Zebra Technologies in the first quarter worth about $2,108,000. Commonwealth Equity Services LLC lifted its position in shares of Zebra Technologies by 30.3% during the first quarter. Commonwealth Equity Services LLC now owns 8,891 shares of the industrial products company’s stock worth $2,680,000 after purchasing an additional 2,069 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Zebra Technologies by 19.9% during 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 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.