Zebra Technologies (NASDAQ:ZBRA) PT Raised to $330.00 at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA) had its price target increased by Robert W. Baird from $312.00 to $330.00 in a report released on Wednesday, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

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

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $309.59 on Wednesday. The company’s 50 day simple moving average is $289.78 and its two-hundred day simple moving average is $258.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.54. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $322.95. The stock has a market capitalization of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data 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 company had revenue of $1.18 billion for 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 firm’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.59 earnings per share. Analysts predict that Zebra Technologies will post 9.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in Zebra Technologies by 5.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 22,011 shares of the industrial products company’s stock valued at $5,206,000 after buying an additional 1,152 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Zebra Technologies by 23.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,130 shares of the industrial products company’s stock valued at $4,525,000 after buying an additional 3,574 shares during the period. Raymond James & Associates raised its holdings in shares of Zebra Technologies by 8.2% during the third quarter. Raymond James & Associates now owns 167,719 shares of the industrial products company’s stock valued at $39,671,000 after acquiring an additional 12,745 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Zebra Technologies by 3.9% in the third quarter. Stratos Wealth Partners LTD. now owns 10,285 shares of the industrial products company’s stock valued at $2,433,000 after acquiring an additional 387 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Zebra Technologies by 5.0% during the 3rd quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company’s stock valued at $1,026,000 after purchasing an additional 211 shares during the period. Institutional investors own 91.03% of the company’s stock.

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.