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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $343.36.

ZBRA has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Truist Financial cut their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Robert W. Baird dropped their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup decreased their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, April 14th.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $226.73 on Friday. The firm has a fifty day simple moving average of $279.34 and a 200 day simple moving average of $351.71. Zebra Technologies has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a market capitalization of $11.65 billion, a PE ratio of 22.27 and a beta of 1.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, sell-side analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

Institutional Trading of Zebra Technologies

A number of large investors have recently modified their holdings of ZBRA. Norges Bank purchased a new position in Zebra Technologies in the fourth quarter worth $201,420,000. FMR LLC boosted its holdings in Zebra Technologies by 181.1% in the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock valued at $299,585,000 after purchasing an additional 499,736 shares during the last quarter. Schroder Investment Management Group grew its holdings in Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after acquiring an additional 379,491 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Zebra Technologies during the 4th quarter valued at approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock worth $153,188,000 after acquiring an additional 322,475 shares during the period. Hedge funds and other 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.