Zebra Technologies (NASDAQ:ZBRA) Upgraded at StockNews.com

StockNews.com upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a sell rating to a hold rating in a report issued on Thursday morning.

A number of other brokerages have also recently commented on ZBRA. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a buy rating in a research report on Wednesday. Truist Financial reiterated a hold rating and issued a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. TD Cowen boosted their target price on Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research note on Wednesday. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a research report on Monday, April 8th. Finally, Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of Hold and a consensus target price of $310.64.

Zebra Technologies Price Performance

ZBRA opened at $309.59 on Thursday. The stock has a market capitalization of $15.91 billion, a P/E ratio of 61.43 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $322.95. The stock has a 50-day moving average price of $289.78 and a 200-day moving average price of $258.44.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. Zebra Technologies’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.59 earnings per share. Equities analysts predict that Zebra Technologies will post 10.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

A number of institutional investors have recently bought and sold shares of ZBRA. First Horizon Advisors Inc. boosted its position in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Zebra Technologies by 210.3% in the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 82 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies during the first quarter valued at approximately $36,000. Harvest Fund Management Co. Ltd purchased a new stake in Zebra Technologies in the fourth quarter worth $44,000. Finally, Wellington Shields & Co. LLC bought a new position in Zebra Technologies in the first quarter worth $45,000. 91.03% of the stock is owned by 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.