Truist Financial Forecasts Strong Price Appreciation for Zebra Technologies (NASDAQ:ZBRA) Stock

Zebra Technologies (NASDAQ:ZBRA) had its target price boosted by analysts at Truist Financial from $383.00 to $408.00 in a report released on Thursday,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 3.81% from the company’s current price.

Several other analysts have also commented on the company. Morgan Stanley raised their target price on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday. Barclays boosted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. 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 research report on Wednesday, October 30th. Robert W. Baird raised their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Zebra Technologies Stock Up 2.0 %

Shares of Zebra Technologies stock opened at $393.04 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm’s 50-day moving average is $390.86 and its two-hundred day moving average is $352.61. Zebra Technologies has a 1 year low of $233.95 and a 1 year high of $413.43. The stock has a market cap of $20.27 billion, a price-to-earnings ratio of 53.47 and a beta of 1.63.

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

Insider Activity

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. increased its position 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 buying an additional 63 shares during the period. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the third quarter valued at approximately $30,000. Blue Trust Inc. boosted its position in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Crewe Advisors LLC raised its position in shares of Zebra Technologies by 1,290.9% during the 2nd quarter. Crewe Advisors LLC now owns 153 shares of the industrial products company’s stock worth $47,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

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.