Zebra Technologies Co. (NASDAQ:ZBRA) Receives $343.36 Consensus PT from Brokerages

Zebra Technologies Co. (NASDAQ:ZBRA) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $343.36.

ZBRA has been the subject of several analyst reports. Robert W. Baird cut their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Citigroup cut their target price on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. UBS Group decreased their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $222.05 on Friday. The firm’s 50-day simple moving average is $276.73 and its two-hundred day simple moving average is $350.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies has a 52 week low of $205.73 and a 52 week high of $427.76. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 21.81 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last released its 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, equities analysts forecast that Zebra Technologies will post 13.71 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cascade Investment Advisors Inc. increased its stake in shares of Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 25 shares during the period. Equitable Trust Co. increased its position in shares of Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 30 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock worth $2,976,000 after purchasing an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Zebra Technologies by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 32 shares during the last quarter. 91.03% of the stock is currently 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.