BNP Paribas Exane Upgrades Zebra Technologies (NASDAQ:ZBRA) to “Outperform”

Zebra Technologies (NASDAQ:ZBRA) was upgraded by BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, MarketBeat reports. The firm presently has a $408.00 target price on the industrial products company’s stock. BNP Paribas Exane’s target price indicates a potential upside of 24.72% from the company’s previous close.

Several other analysts have also commented on ZBRA. UBS Group lowered their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Barclays decreased their target price on shares of 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, Citigroup decreased their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $338.18.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $327.14 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $296.15 and a 200-day moving average of $310.03. The firm has a market cap of $16.64 billion, a P/E ratio of 30.95 and a beta of 1.75. Zebra Technologies has a 1-year low of $205.73 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share 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 net margin of 10.73% and a return on equity of 18.77%. Zebra Technologies’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. Sell-side analysts expect that Zebra Technologies will post 13.71 EPS for the current year.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors and hedge funds have recently bought and sold shares of ZBRA. Vanguard Group Inc. lifted its stake in shares of Zebra Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company’s stock valued at $1,798,627,000 after buying an additional 104,940 shares in the last quarter. Invesco Ltd. lifted its stake in Zebra Technologies by 1.5% in the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock worth $549,586,000 after purchasing an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock worth $500,701,000 after purchasing an additional 86,766 shares in the last quarter. Geode Capital Management LLC lifted its stake in Zebra Technologies by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock worth $491,935,000 after purchasing an additional 30,496 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock worth $334,469,000 after purchasing an additional 255,193 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other 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.