Zebra Technologies Co. (NASDAQ:ZBRA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $393.82.

A number of brokerages have recently weighed in on ZBRA. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $305.00 to $400.00 in a research report on Monday, December 2nd. Truist Financial reaffirmed a “hold” rating and set a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, TD Cowen raised their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Zebra Technologies Stock Down 1.0 %

NASDAQ ZBRA opened at $403.59 on Friday. The stock’s 50-day moving average price is $388.62 and its 200-day moving average price is $349.94. The company has a market capitalization of $20.82 billion, a P/E ratio of 54.91 and a beta of 1.63. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 52 week low of $233.95 and a 52 week high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s revenue was up 31.3% on a year-over-year basis. On average, equities research analysts predict that Zebra Technologies will post 12.4 earnings per share for the current year.

Insider Activity

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies during the second quarter worth $27,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Zebra Technologies by 185.3% during the 2nd 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 in the last quarter. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC purchased a new position in Zebra Technologies during the second quarter worth approximately $32,000. Finally, Blue Trust Inc. grew its holdings in Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.