Zebra Technologies Corporation (NASDAQ:ZBRA) Receives $348.40 Average PT from Analysts

Zebra Technologies Corporation (NASDAQ:ZBRA) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $348.40.

Several analysts recently issued reports on the company. Truist Financial dropped their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. UBS Group lowered their price target on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird increased their price objective on Zebra Technologies from $320.00 to $367.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Citigroup reissued a “neutral” rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Finally, Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st.

Institutional Investors Weigh In On Zebra Technologies

Large investors have recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH bought a new stake in shares of Zebra Technologies during the second quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies during the fourth quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Zebra Technologies during the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Zebra Technologies during the 1st quarter worth approximately $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Zebra Technologies in the 1st quarter valued at $30,000. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $332.39 on Monday. The firm’s 50 day moving average is $308.35 and its 200-day moving average is $304.52. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $16.90 billion, a PE ratio of 31.45 and a beta of 1.75. Zebra Technologies has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.84 EPS. Equities research analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

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.