Analysts’ Weekly Ratings Updates for Zebra Technologies (ZBRA)

Zebra Technologies (NASDAQ: ZBRA) recently received a number of ratings updates from brokerages and research firms:

• 10/31/2024 – Zebra Technologies had its price target raised by analysts at Barclays PLC from $347.00 to $407.00. They now have an “equal weight” rating on the stock.
• 10/31/2024 – Zebra Technologies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/30/2024 – Zebra Technologies had its price target raised by analysts at Morgan Stanley from $290.00 to $305.00. They now have an “underweight” rating on the stock.
• 10/30/2024 – Zebra Technologies had its price target raised by analysts at Robert W. Baird from $380.00 to $415.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Zebra Technologies had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $383.00 price target on the stock, up previously from $379.00.
• 10/30/2024 – Zebra Technologies had its price target raised by analysts at TD Cowen from $380.00 to $425.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Zebra Technologies had its price target raised by analysts at UBS Group AG from $390.00 to $445.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Zebra Technologies had its price target raised by analysts at Needham & Company LLC from $394.00 to $430.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Zebra Technologies had its price target raised by analysts at Truist Financial Co. from $345.00 to $379.00. They now have a “hold” rating on the stock.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $400.23 on Thursday. The business has a 50 day simple moving average of $366.32 and a 200-day simple moving average of $337.00. Zebra Technologies Co. has a 12 month low of $208.50 and a 12 month high of $405.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The stock has a market capitalization of $20.64 billion, a PE ratio of 54.45 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $0.57 EPS. The business’s revenue was up 31.3% on a year-over-year basis. Equities analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ZBRA. Glenmede Trust Co. NA boosted its holdings in Zebra Technologies by 31.6% during the third quarter. Glenmede Trust Co. NA now owns 1,382 shares of the industrial products company’s stock worth $512,000 after buying an additional 332 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Zebra Technologies by 23.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 66,621 shares of the industrial products company’s stock worth $24,671,000 after acquiring an additional 12,859 shares in the last quarter. Prospector Partners LLC boosted its stake in shares of Zebra Technologies by 0.3% during the 3rd quarter. Prospector Partners LLC now owns 22,930 shares of the industrial products company’s stock worth $8,491,000 after acquiring an additional 79 shares in the last quarter. FMR LLC grew its holdings in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after acquiring an additional 265,014 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Zebra Technologies by 158.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock valued at $37,356,000 after purchasing an additional 61,842 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

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.