Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $379.00

Zebra Technologies (NASDAQ:ZBRA) had its price target raised by analysts at Truist Financial from $345.00 to $379.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s target price indicates a potential upside of 1.67% from the company’s previous close.

Several other equities analysts have also commented on the company. Needham & Company LLC increased their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Stephens lifted their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Vertical Research assumed coverage on Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $352.73.

Zebra Technologies Trading Up 1.0 %

NASDAQ:ZBRA traded up $3.80 on Wednesday, reaching $372.77. 65,045 shares of the stock traded hands, compared to its average volume of 353,808. The company’s 50 day moving average is $344.91 and its 200-day moving average is $321.29. The firm has a market capitalization of $19.23 billion, a price-to-earnings ratio of 73.96 and a beta of 1.66. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $375.88.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.24 EPS. Equities research analysts anticipate that Zebra Technologies will post 11.12 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 firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the second quarter worth about $27,000. Farmers & Merchants Investments Inc. lifted its holdings in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the second quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies during the first quarter valued at approximately $36,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in 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 period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

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.