Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Rating of “Moderate Buy” by Brokerages

Zebra Technologies Co. (NASDAQ:ZBRA) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $328.82.

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley raised their price target on Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 28th. Barclays dropped their price target on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Finally, Wall Street Zen lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $295.36 on Friday. Zebra Technologies has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company’s 50-day moving average is $261.14 and its 200 day moving average is $325.93. The company has a market capitalization of $15.02 billion, a P/E ratio of 29.01 and a beta of 1.75. 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 announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $2.84 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Zebra Technologies will post 13.71 earnings per share for the current year.

Hedge Funds Weigh In On Zebra Technologies

Several large investors have recently modified their holdings of ZBRA. Equitable Trust Co. lifted its holdings in shares of Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after buying an additional 27 shares during the period. New York Life Investment Management LLC raised its position in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after purchasing an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Zebra Technologies by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after buying an additional 32 shares during the last quarter. Benjamin Edwards Inc. raised its position in Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company’s stock worth $251,000 after buying an additional 35 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Zebra Technologies by 1.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company’s stock worth $527,000 after buying an additional 35 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.