Stephens Boosts Zebra Technologies (NASDAQ:ZBRA) Price Target to $380.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective lifted by Stephens from $335.00 to $380.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price target for the company. StockNews.com downgraded Zebra Technologies from a hold rating to a sell rating in a research report on Friday, February 16th. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a research report on Monday, April 8th. TD Cowen boosted their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research note on Wednesday. Finally, Truist Financial assumed coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They set a hold rating and a $300.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of Hold and an average target price of $310.64.

Zebra Technologies Trading Down 1.0 %

Zebra Technologies stock opened at $309.59 on Wednesday. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $322.95. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The business has a 50 day moving average price of $289.78 and a two-hundred day moving average price of $258.13. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $3.59 earnings per share. The business’s revenue was down 16.4% compared to the same quarter last year. As a group, equities analysts forecast that Zebra Technologies will post 9.76 EPS for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale 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 Trading of Zebra Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Metis Global Partners LLC grew its holdings in Zebra Technologies by 20.0% during the third quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 311 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Zebra Technologies by 218.3% in the 3rd quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock valued at $29,965,000 after buying an additional 86,888 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Zebra Technologies by 487.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock valued at $17,548,000 after buying an additional 53,265 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Zebra Technologies by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after buying an additional 131,383 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in Zebra Technologies by 255.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock worth $1,443,000 after acquiring an additional 4,383 shares in the last quarter. 91.03% of the stock is owned by 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.