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

Zebra Technologies Co. (NASDAQ:ZBRA) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $381.42.

Several analysts have weighed in on the stock. Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. UBS Group dropped their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Morgan Stanley dropped their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th.

Insiders Place Their Bets

In other news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of Zebra Technologies

Hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV lifted its position 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 acquiring an additional 36 shares during the period. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $27,000. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies during the 4th quarter valued at approximately $31,000. Finally, Avalon Trust Co purchased a new position in Zebra Technologies during the fourth quarter valued at $35,000. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $280.79 on Tuesday. The firm has a market capitalization of $14.43 billion, a PE ratio of 27.58 and a beta of 1.68. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies has a 12 month low of $266.75 and a 12 month high of $427.76. The business’s 50-day moving average price is $332.18 and its 200-day moving average price is $365.85.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Sell-side analysts forecast that Zebra Technologies will post 13.71 EPS 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.