Zebra Technologies (NASDAQ:ZBRA) Stock Price Expected to Rise, Truist Financial Analyst Says

Zebra Technologies (NASDAQ:ZBRA) had its price target lifted by investment analysts at Truist Financial from $408.00 to $409.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price target indicates a potential upside of 2.08% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Needham & Company LLC upped their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group lifted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday. They set a “neutral” rating and a $430.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Price Performance

Shares of ZBRA traded up $0.43 during midday trading on Thursday, reaching $400.68. The stock had a trading volume of 73,381 shares, compared to its average volume of 353,672. The company’s 50-day moving average is $396.55 and its 200 day moving average is $364.05. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 54.51 and a beta of 1.64. Zebra Technologies has a 12-month low of $233.95 and a 12-month high of $413.43. 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 (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. On average, equities analysts predict that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC raised its stake in shares of Zebra Technologies by 1,087.2% in the second quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock worth $516,000 after buying an additional 1,533 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Zebra Technologies by 17.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,700 shares of the industrial products company’s stock worth $1,143,000 after purchasing an additional 557 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Zebra Technologies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock worth $120,650,000 after purchasing an additional 21,534 shares in the last quarter. One Capital Management LLC bought a new stake in shares of Zebra Technologies during the 2nd quarter valued at $261,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Zebra Technologies during the 2nd quarter valued at $782,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

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.