Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Recommendation of “Moderate Buy” by Brokerages

Zebra Technologies Co. (NASDAQ:ZBRA) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $381.42.

ZBRA has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Robert W. Baird lowered their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, UBS Group lowered their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares during the last quarter. Investment Management Corp VA ADV bought a new position in Zebra Technologies during the fourth quarter worth $27,000. Sierra Ocean LLC acquired a new position in Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies during the fourth quarter valued at $31,000. Finally, Avalon Trust Co acquired a new stake in Zebra Technologies during the 4th quarter worth about $35,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $297.41 on Tuesday. The firm has a 50-day moving average price of $341.34 and a two-hundred day moving average price of $367.29. Zebra Technologies has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a market capitalization of $15.28 billion, a P/E ratio of 29.22 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current year.

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.