Zebra Technologies Co. (NASDAQ:ZBRA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Zebra Technologies Co. (NASDAQ:ZBRA) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $385.18.

Several research firms have recently commented on ZBRA. Stephens boosted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Barclays boosted their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Vertical Research initiated coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC raised its position in Zebra Technologies by 0.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 7,280 shares of the industrial products company’s stock worth $2,696,000 after purchasing an additional 52 shares during the period. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after purchasing an additional 14,237 shares during the last quarter. Barclays PLC increased its stake in Zebra Technologies by 2.4% in the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after buying an additional 2,617 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Zebra Technologies by 8.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 15,069 shares of the industrial products company’s stock worth $5,580,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Zebra Technologies during the third quarter worth approximately $2,323,000. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $382.40 on Wednesday. The company’s 50-day moving average is $371.49 and its two-hundred day moving average is $339.32. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market cap of $19.72 billion, a PE ratio of 52.03 and a beta of 1.64. Zebra Technologies has a 1 year low of $216.60 and a 1 year high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. Equities analysts anticipate that Zebra Technologies will post 12.4 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.