Barclays Increases Zebra Technologies (NASDAQ:ZBRA) Price Target to $407.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective increased by research analysts at Barclays from $347.00 to $407.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective points to a potential upside of 5.81% from the company’s current price.

ZBRA has been the topic of several other research reports. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday. Needham & Company LLC raised their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday. Vertical Research initiated coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target for the company. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen boosted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $384.64 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.84. Zebra Technologies has a 12 month low of $198.19 and a 12 month high of $394.57. The company has a fifty day moving average price of $359.28 and a two-hundred day moving average price of $330.66. The company has a market cap of $19.84 billion, a PE ratio of 52.33 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. Research analysts expect that Zebra Technologies will post 11.09 earnings per share for the current year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 135 shares during the last quarter. Equitable Trust Co. grew its position in Zebra Technologies by 2.3% in the third quarter. Equitable Trust Co. now owns 1,573 shares of the industrial products company’s stock worth $583,000 after buying an additional 35 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Zebra Technologies by 6.3% in the third quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company’s stock valued at $40,890,000 after buying an additional 6,514 shares in the last quarter. Forte Capital LLC ADV lifted its position in shares of Zebra Technologies by 29.2% during the 3rd quarter. Forte Capital LLC ADV now owns 979 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 221 shares during the last quarter. Finally, Hixon Zuercher LLC bought a new stake in shares of Zebra Technologies during the 3rd quarter worth $222,000. 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.