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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $323.36.

ZBRA has been the topic of a number of research reports. TD Cowen upped their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Truist Financial reaffirmed a “hold” rating and set a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. Barclays initiated coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective for the company. Finally, BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the company from $258.00 to $305.00 in a research note on Thursday, June 13th.

Insider Activity

In related news, insider Michael Cho sold 1,657 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Zebra Technologies during the 1st quarter worth about $36,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Zebra Technologies during the 4th quarter worth about $44,000. Wellington Shields & Co. LLC bought a new position in shares of Zebra Technologies in the 1st quarter valued at about $45,000. Finally, Cambridge Trust Co. increased its position in shares of Zebra Technologies by 216.0% in the first quarter. Cambridge Trust Co. now owns 158 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 0.6 %

ZBRA opened at $308.93 on Friday. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $328.70. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 61.30 and a beta of 1.70. The firm’s 50-day simple moving average is $308.71 and its 200-day simple moving average is $284.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the firm posted $3.59 EPS. Equities research analysts anticipate that Zebra Technologies will post 10.76 EPS 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.