Zebra Technologies (NASDAQ:ZBRA) Stock Price Expected to Rise, TD Cowen Analyst Says

Zebra Technologies (NASDAQ:ZBRA) had its target price increased by equities researchers at TD Cowen from $380.00 to $425.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. TD Cowen’s price objective would indicate a potential upside of 11.27% from the company’s previous close.

A number of other analysts have also commented on the stock. Vertical Research initiated coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Truist Financial reissued a “hold” rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday. Stephens lifted their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC lifted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Price Performance

ZBRA opened at $381.97 on Wednesday. The company has a fifty day moving average price of $358.62 and a two-hundred day moving average price of $329.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $394.57. The firm has a market capitalization of $19.70 billion, a PE ratio of 51.97 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business earned $3.24 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction that occurred 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 owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ZBRA. Price T Rowe Associates Inc. MD lifted its holdings in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after acquiring an additional 425,207 shares during the period. AXA S.A. lifted its holdings in shares of Zebra Technologies by 62.3% during the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after acquiring an additional 106,630 shares during the period. Boston Partners lifted its holdings in shares of Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after acquiring an additional 98,045 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 acquiring an additional 69,549 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Zebra Technologies by 556.0% in the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after purchasing an additional 59,332 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

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.