UBS Group Boosts Zebra Technologies (NASDAQ:ZBRA) Price Target to $445.00

Zebra Technologies (NASDAQ:ZBRA) had its price target raised by equities researchers at UBS Group from $390.00 to $445.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target suggests a potential upside of 16.50% from the stock’s current price.

Several other equities analysts also recently issued reports on ZBRA. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird lifted their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday. Stephens lifted their price target 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. Barclays lifted their price target 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, Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $381.97 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The firm’s 50-day simple moving average is $358.62 and its 200-day simple moving average is $329.95. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $394.57. The firm has a market cap of $19.70 billion, a P/E ratio of 51.97 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its 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. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $3.24 EPS. The firm’s revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’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 transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Zebra Technologies by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after purchasing an additional 24,058 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after purchasing an additional 425,207 shares during the period. Boston Partners grew its holdings in Zebra Technologies by 9.7% during the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares during the period. Dimensional Fund Advisors LP grew its holdings in Zebra Technologies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after purchasing an additional 21,534 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Zebra Technologies by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock valued at $107,180,000 after purchasing an additional 7,117 shares during the period. 91.03% of the stock is 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.