Zebra Technologies Co. (NASDAQ:ZBRA) Receives Consensus Rating of “Buy” from Analysts

Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) has been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $517.00.

ZBRA has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $464.00 price target on the stock in a research report on Monday, February 14th. Robert W. Baird decreased their price target on shares of Zebra Technologies from $550.00 to $440.00 in a research report on Wednesday, May 4th. StockNews.com downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $535.00 to $500.00 in a research note on Wednesday, May 4th. Finally, Morgan Stanley reduced their price objective on shares of Zebra Technologies from $470.00 to $400.00 and set an “underweight” rating for the company in a research note on Tuesday, April 12th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Zebra Technologies by 9.6% during the fourth quarter. BlackRock Inc. now owns 5,302,297 shares of the industrial products company’s stock valued at $3,155,927,000 after acquiring an additional 462,751 shares in the last quarter. State Street Corp grew its stake in shares of Zebra Technologies by 2.5% in the 4th quarter. State Street Corp now owns 2,183,570 shares of the industrial products company’s stock worth $1,299,661,000 after buying an additional 53,557 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Zebra Technologies by 5.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,306,119 shares of the industrial products company’s stock worth $777,402,000 after buying an additional 67,091 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 39,547 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Zebra Technologies by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 1,018,558 shares of the industrial products company’s stock worth $604,806,000 after buying an additional 20,413 shares in the last quarter. 85.30% of the stock is owned by institutional investors.

Shares of Zebra Technologies stock opened at $328.54 on Tuesday. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 21.70 and a beta of 1.60. The company’s 50 day moving average is $399.53 and its 200 day moving average is $491.23. Zebra Technologies has a twelve month low of $327.45 and a twelve month high of $615.00. The company has a quick ratio of 0.67, a current ratio of 0.87 and a debt-to-equity ratio of 0.31.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. Zebra Technologies had a net margin of 14.25% and a return on equity of 31.20%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm earned $4.47 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side analysts expect that Zebra Technologies will post 17.88 EPS for the current fiscal year.

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.

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