Zebra Technologies (NASDAQ:ZBRA) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Robert W. Baird increased their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Needham & Company LLC reduced their target price on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Citigroup reduced their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays lowered their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Finally, BNP Paribas Exane raised Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price objective on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus target price of $338.18.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $327.14 on Thursday. The stock has a market capitalization of $16.64 billion, a P/E ratio of 30.95 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. Zebra Technologies has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a 50 day moving average price of $296.15 and a 200 day moving average price of $309.44.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $2.84 EPS. Zebra Technologies’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV boosted its stake 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 valued at $27,000 after purchasing an additional 36 shares during the period. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Zebra Technologies during the first quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new position in Zebra Technologies during the 1st quarter valued at $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zebra Technologies during the 1st quarter valued at $30,000. 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.