Zebra Technologies Corporation (NASDAQ:ZBRA) Given Consensus Rating of “Moderate Buy” by Analysts

Zebra Technologies Corporation (NASDAQ:ZBRA) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $331.20.

Several brokerages have recently weighed in on ZBRA. Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Barclays reduced their target price on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. Truist Financial reduced 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 note on Tuesday, April 8th. Finally, Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st.

Zebra Technologies Stock Up 1.6%

Shares of ZBRA opened at $320.39 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $285.72 and a 200 day moving average of $313.36. The company has a market cap of $16.29 billion, a PE ratio of 30.31 and a beta of 1.75. Zebra Technologies has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $2.84 EPS. On average, sell-side analysts expect that Zebra Technologies will post 13.71 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in shares of Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 32 shares during the period. Benjamin Edwards Inc. raised its stake in Zebra Technologies by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company’s stock worth $251,000 after buying an additional 35 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Zebra Technologies by 1.9% in the first 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 in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after buying an additional 36 shares during the period. Finally, GTS Securities LLC boosted its position in Zebra Technologies by 5.0% during the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 38 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

About Zebra Technologies

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.