StockNews.com Upgrades Zebra Technologies (NASDAQ:ZBRA) to “Buy”

Zebra Technologies (NASDAQ:ZBRAGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other research firms have also recently commented on ZBRA. JPMorgan Chase & Co. raised shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $530.00 to $500.00 in a research report on Monday, April 4th. Needham & Company LLC restated a “buy” rating and set a $535.00 target price on shares of Zebra Technologies in a research report on Wednesday, March 16th. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $464.00 price target on the stock in a report on Monday, February 14th. Finally, Morgan Stanley lowered their target price on shares of Zebra Technologies from $470.00 to $400.00 and set an “underweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $539.14.

Shares of NASDAQ ZBRA traded up $2.79 during trading on Wednesday, hitting $405.00. 466,157 shares of the company traded hands, compared to its average volume of 459,590. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.94. The business’s fifty day moving average is $422.51 and its 200 day moving average is $508.67. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 26.08 and a beta of 1.62. Zebra Technologies has a fifty-two week low of $375.63 and a fifty-two week high of $615.00.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The industrial products company reported $4.21 EPS for the quarter, beating the Zacks’ consensus estimate of $3.93 by $0.28. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Zebra Technologies had a net margin of 14.88% and a return on equity of 34.15%. Zebra Technologies’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.15 EPS. On average, analysts predict that Zebra Technologies will post 18.37 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Zebra Technologies by 9.6% during the 4th quarter. BlackRock Inc. now owns 5,302,297 shares of the industrial products company’s stock valued at $3,155,927,000 after purchasing an additional 462,751 shares in the last quarter. State Street Corp raised its position in shares of Zebra Technologies by 2.5% during the fourth quarter. State Street Corp now owns 2,183,570 shares of the industrial products company’s stock worth $1,299,661,000 after purchasing an additional 53,557 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Zebra Technologies by 5.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,306,119 shares of the industrial products company’s stock valued at $777,402,000 after buying an additional 67,091 shares during the period. JPMorgan Chase & Co. increased its position in Zebra Technologies by 3.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,139,688 shares of the industrial products company’s stock worth $678,342,000 after purchasing an additional 39,547 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Zebra Technologies by 111.3% during the 3rd quarter. Nordea Investment Management AB now owns 1,123,278 shares of the industrial products company’s stock worth $592,552,000 after acquiring an additional 591,608 shares in the last quarter. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Company Profile (Get Rating)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

Further Reading

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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