Zebra Technologies (NASDAQ:ZBRA) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Several other equities research analysts have also recently issued reports on ZBRA. Barclays initiated coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an equal weight rating and a $292.00 target price for the company. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an outperform rating in a report on Wednesday, May 1st. TD Cowen increased their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Wolfe Research raised shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a research note on Monday, April 8th. Finally, Truist Financial reaffirmed a hold rating and set a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $310.64.

Zebra Technologies Trading Down 1.0 %

Shares of ZBRA stock opened at $309.59 on Thursday. 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 has a twelve month low of $194.59 and a twelve month high of $322.95. The company’s 50-day moving average price is $289.78 and its 200-day moving average price is $258.79. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. Zebra Technologies’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.59 EPS. As a group, equities analysts predict that Zebra Technologies will post 10.47 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the 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 sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Shields Capital Management LLC purchased a new position in Zebra Technologies in the first quarter valued at approximately $163,000. Wellington Shields & Co. LLC acquired a new position in shares of Zebra Technologies in the 1st quarter valued at $45,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Zebra Technologies by 621.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 411 shares of the industrial products company’s stock valued at $124,000 after buying an additional 354 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Zebra Technologies during the 1st quarter worth $60,000. Finally, Meridian Management Co. purchased a new stake in Zebra Technologies in the first quarter valued at $3,330,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.