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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $401.25.

A number of research analysts have recently commented on the company. UBS Group raised their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. TD Cowen upped their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st.

Zebra Technologies Trading Down 0.7 %

Shares of ZBRA stock opened at $391.94 on Monday. The firm has a market cap of $20.22 billion, a P/E ratio of 53.33 and a beta of 1.64. Zebra Technologies has a 12-month low of $233.95 and a 12-month high of $427.76. The business has a 50-day moving average price of $399.66 and a two-hundred day moving average price of $371.45. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors and hedge funds have recently bought and sold shares of ZBRA. Global Retirement Partners LLC grew its position in Zebra Technologies by 20.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 184 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $50,000. Venturi Wealth Management LLC lifted its position in Zebra Technologies by 28.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,319 shares of the industrial products company’s stock worth $509,000 after buying an additional 290 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Zebra Technologies by 0.7% during the 4th quarter. Sanctuary Advisors LLC now owns 10,719 shares of the industrial products company’s stock valued at $4,231,000 after acquiring an additional 76 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Zebra Technologies by 15.9% in the fourth quarter. Principal Financial Group Inc. now owns 127,953 shares of the industrial products company’s stock worth $49,418,000 after acquiring an additional 17,536 shares during the period. 91.03% of the stock is owned by hedge funds and other 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.