Zebra Technologies (NASDAQ:ZBRA) Given New $379.00 Price Target at Truist Financial

Zebra Technologies (NASDAQ:ZBRA) had its target price hoisted by Truist Financial from $345.00 to $379.00 in a report issued on Wednesday morning, Benzinga reports. Truist Financial currently has a hold rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on ZBRA. Redburn Atlantic upgraded Zebra Technologies to a strong-buy rating in a research note on Wednesday, July 31st. 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. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a buy rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Finally, Barclays lifted their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an equal weight rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $352.73.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $375.02 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The stock has a market capitalization of $19.28 billion, a price-to-earnings ratio of 74.41 and a beta of 1.66. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $376.59. The stock’s 50-day simple moving average is $345.89 and its 200 day simple moving average is $321.99.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $3.24 earnings per share. Zebra Technologies’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts forecast that Zebra Technologies will post 11.12 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

A number of large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zebra Technologies in the second quarter valued at about $27,000. Farmers & Merchants Investments Inc. raised its position in Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Zebra Technologies in the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies in the 1st quarter worth approximately $36,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after buying an additional 33 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

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.