Robert W. Baird Increases Zebra Technologies (NASDAQ:ZBRA) Price Target to $415.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective increased by analysts at Robert W. Baird from $380.00 to $415.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 8.65% from the stock’s previous close.

Several other research firms also recently commented on ZBRA. Stephens upped their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. TD Cowen upped their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Vertical Research started coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock. Barclays upped their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, Truist Financial upped their price objective on shares of Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Price Performance

ZBRA opened at $381.97 on Wednesday. The firm has a market cap of $19.70 billion, a P/E ratio of 51.97 and a beta of 1.66. The firm has a 50-day moving average of $358.62 and a 200 day moving average of $329.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last posted 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 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 for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.24 earnings per share. On average, research analysts expect that Zebra Technologies will post 11.09 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in 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 valued at $1,975,000 after acquiring an additional 153 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Zebra Technologies by 8.5% during the first 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 during the last quarter. Norden Group LLC bought a new position in Zebra Technologies during the first quarter valued at approximately $2,108,000. Commonwealth Equity Services LLC grew its position in 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 valued at $2,680,000 after acquiring an additional 2,069 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in 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 acquiring an additional 3,792 shares during the last quarter. 91.03% of the stock is currently owned by 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.