Truist Financial Reaffirms “Hold” Rating for Zebra Technologies (NASDAQ:ZBRA)

Zebra Technologies (NASDAQ:ZBRA)‘s stock had its “hold” rating reiterated by analysts at Truist Financial in a report released on Wednesday, Benzinga reports. They presently have a $383.00 target price on the industrial products company’s stock, up from their prior target price of $379.00. Truist Financial’s price objective points to a potential upside of 0.27% from the company’s current price.

Other equities analysts also recently issued reports about the company. Needham & Company LLC boosted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays boosted their price objective on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. UBS Group boosted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Stephens upped their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $381.97 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $358.62 and a two-hundred day moving average of $329.95. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $394.57. The company 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 quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.24 earnings per share. As a group, analysts anticipate that Zebra Technologies will post 11.09 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZBRA. Price T Rowe Associates Inc. MD raised its stake in Zebra Technologies by 44.8% during the 1st 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. AXA S.A. raised its stake in Zebra Technologies by 62.3% during the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after purchasing an additional 106,630 shares during the period. Boston Partners raised its stake in Zebra Technologies by 9.7% during the 1st 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. Allspring Global Investments Holdings LLC raised its stake in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after purchasing an additional 69,549 shares during the period. Finally, SG Americas Securities LLC raised its stake in Zebra Technologies by 556.0% during the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after purchasing an additional 59,332 shares during the period. Institutional investors own 91.03% of the company’s stock.

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.