Zebra Technologies (NASDAQ:ZBRA) Raised to “Buy” at StockNews.com

Zebra Technologies (NASDAQ:ZBRA) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

ZBRA has been the topic of several other research reports. UBS Group boosted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen upped their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC raised their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned 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 a consensus rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Stock Performance

ZBRA opened at $384.64 on Thursday. Zebra Technologies has a twelve month low of $198.19 and a twelve month high of $394.57. The firm has a market capitalization of $19.84 billion, a PE ratio of 52.33 and a beta of 1.66. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $359.28 and its 200 day moving average price is $330.66.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $0.57 earnings per share. The business’s revenue was up 31.3% compared to the same quarter last year. As a group, sell-side analysts expect that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated 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 transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Wealth Enhancement Advisory Services LLC raised its stake in shares of Zebra Technologies by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,551 shares of the industrial products company’s stock valued at $1,975,000 after acquiring an additional 153 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Zebra Technologies by 8.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock worth $22,719,000 after purchasing an additional 5,885 shares during the period. Norden Group LLC acquired a new stake in Zebra Technologies in the 1st quarter valued at about $2,108,000. Van ECK Associates Corp boosted its stake in shares of Zebra Technologies by 19.9% in the 1st quarter. Van ECK Associates Corp now owns 22,820 shares of the industrial products company’s stock valued at $6,879,000 after buying an additional 3,792 shares during the period. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Zebra Technologies during the first quarter worth about $36,000. Hedge funds and other 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.