Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $415.00

Zebra Technologies (NASDAQ:ZBRA) had its price target increased by equities research analysts at Robert W. Baird from $380.00 to $415.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price would suggest a potential upside of 7.88% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Needham & Company LLC upped their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays boosted their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Stephens upped their price objective on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial increased their target price on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $374.60.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $384.68 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $394.57. The firm has a market cap of $19.84 billion, a PE ratio of 86.84 and a beta of 1.66. The business has a 50-day moving average price of $357.05 and a 200 day moving average price of $329.20.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm posted $3.24 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Zebra Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Concord Wealth Partners acquired a new stake in Zebra Technologies during the 3rd quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies during the second quarter worth $27,000. Farmers & Merchants Investments Inc. increased its stake in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new position in Zebra Technologies in the 2nd quarter valued at $32,000. Finally, Blue Trust Inc. raised its position in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares during the last quarter. 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.