Zebra Technologies Co. (NASDAQ:ZBRA) Receives Average Recommendation of “Moderate Buy” from Analysts

Zebra Technologies Co. (NASDAQ:ZBRA) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $385.18.

A number of research firms have weighed in on ZBRA. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays upped their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. TD Cowen lifted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens raised their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Truist Financial reiterated a “hold” rating and issued a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC raised its position in Zebra Technologies by 390.0% in the third quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 234 shares during the period. Virtu Financial LLC purchased a new stake in shares of Zebra Technologies in the 3rd quarter valued at approximately $269,000. TD Private Client Wealth LLC raised its stake in Zebra Technologies by 0.7% in the third quarter. TD Private Client Wealth LLC now owns 7,280 shares of the industrial products company’s stock valued at $2,696,000 after buying an additional 52 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after acquiring an additional 14,237 shares in the last quarter. Finally, Barclays PLC raised its holdings in Zebra Technologies by 2.4% during the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after purchasing an additional 2,617 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $397.19 on Wednesday. The firm has a market cap of $20.49 billion, a P/E ratio of 54.04 and a beta of 1.64. The stock’s fifty day moving average price is $375.69 and its 200-day moving average price is $341.24. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 12 month low of $225.83 and a 12 month high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. On average, equities research analysts expect that Zebra Technologies will post 12.4 earnings per share for the current fiscal 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.