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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $381.42.

ZBRA has been the subject of a number of research analyst reports. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup started coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Needham & Company LLC reduced their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after buying an additional 55,130 shares during the period. State Street Corp boosted its holdings in shares of Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after acquiring an additional 70,771 shares during the period. Invesco Ltd. grew its position in shares of Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock valued at $549,586,000 after purchasing an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock worth $500,701,000 after purchasing an additional 86,766 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Zebra Technologies by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after purchasing an additional 30,496 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Trading Up 2.6 %

NASDAQ ZBRA opened at $297.41 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a market capitalization of $15.28 billion, a PE ratio of 29.22 and a beta of 1.68. The stock has a 50-day simple moving average of $341.34 and a 200 day simple moving average of $367.29.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Research analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

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.