Zebra Technologies Co. (NASDAQ:ZBRA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Zebra Technologies Co. (NASDAQ:ZBRA) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $401.17.

Several research analysts have weighed in on the stock. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Citigroup began coverage on Zebra Technologies in a report on Tuesday. They set a “neutral” rating and a $430.00 price target for the company. Truist Financial upped their price objective on Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price 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.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies 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 directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds have recently made changes to their positions in the stock. FMR LLC raised its holdings in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares during the last quarter. AXA S.A. grew its stake in shares of Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after purchasing an additional 106,630 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares during the period. State Street Corp raised its position in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after buying an additional 69,549 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

ZBRA opened at $400.25 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 12-month low of $233.95 and a 12-month high of $413.43. The business has a 50 day moving average of $396.55 and a 200-day moving average of $364.05. The stock has a market cap of $20.64 billion, a price-to-earnings ratio of 54.46 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. On average, equities research analysts expect that Zebra Technologies will post 11.8 earnings per share for the current 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.