TD Cowen Boosts Zebra Technologies (NASDAQ:ZBRA) Price Target to $375.00

Zebra Technologies (NASDAQ:ZBRA) had its price target boosted by TD Cowen from $300.00 to $375.00 in a research report released on Wednesday, Benzinga reports. TD Cowen currently has a buy rating on the industrial products company’s stock.

Other equities analysts also recently issued reports about the company. Truist Financial began coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a hold rating and a $300.00 price objective for the company. StockNews.com downgraded Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective for the company in a research note on Monday, April 8th. Finally, Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective on the stock. 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, Zebra Technologies presently has an average rating of Hold and a consensus target price of $310.64.

Zebra Technologies Stock Down 1.0 %

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

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

Insider Activity at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares during the period. Global Retirement Partners LLC lifted its position in Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 82 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Zebra Technologies during the first quarter valued at about $36,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $44,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Zebra Technologies during the first quarter valued at about $45,000. 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.