Zebra Technologies (NASDAQ:ZBRA) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Zebra Technologies (NASDAQ:ZBRA) had its price objective lifted by equities research analysts at Robert W. Baird from $286.00 to $290.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price suggests a potential upside of 16.17% from the stock’s previous close.

Several other analysts have also issued reports on ZBRA. Truist Financial decreased their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley decreased their target price on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their price target on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday. Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Citigroup cut their target price on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.73.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $249.64 on Wednesday. The stock has a 50-day simple moving average of $264.61 and a 200 day simple moving average of $343.75. Zebra Technologies has a twelve month low of $205.73 and a twelve month high of $427.76. The stock has a market capitalization of $12.83 billion, a PE ratio of 24.52 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.84 earnings per share. Research analysts anticipate that Zebra Technologies will post 13.71 EPS for the current year.

Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.

Institutional Trading of Zebra Technologies

Several hedge funds have recently modified their holdings of ZBRA. Barclays PLC raised its holdings in shares of Zebra Technologies by 2.4% in the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock valued at $41,910,000 after buying an additional 2,617 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Zebra Technologies in the third quarter worth about $269,000. Anchor Investment Management LLC raised its stake in shares of Zebra Technologies by 390.0% in the third quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 234 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Zebra Technologies during the third quarter worth approximately $92,000. Finally, Tidal Investments LLC grew its stake in shares of Zebra Technologies by 12.0% during the third quarter. Tidal Investments LLC now owns 1,860 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds 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.