Zebra Technologies (NASDAQ:ZBRA) Raised to “Strong-Buy” at BNP Paribas

Zebra Technologies (NASDAQ:ZBRA) was upgraded by equities researchers at BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

ZBRA has been the topic of several other research reports. Robert W. Baird raised their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. 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 report on Wednesday, April 30th. Citigroup decreased their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley increased their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $338.18.

Zebra Technologies Stock Down 1.0%

ZBRA stock opened at $327.14 on Thursday. The firm has a market cap of $16.64 billion, a PE ratio of 30.95 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The firm’s fifty day moving average is $296.15 and its 200 day moving average is $310.03. Zebra Technologies has a one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion for 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 firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $2.84 earnings per share. On average, research analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ZBRA. Norges Bank purchased a new position in shares of Zebra Technologies in the fourth quarter worth about $201,420,000. FMR LLC increased its holdings in shares of Zebra Technologies by 181.1% during the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock worth $299,585,000 after buying an additional 499,736 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after buying an additional 379,491 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $99,995,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock worth $153,188,000 after buying an additional 322,475 shares during the last quarter. 91.03% of the stock is 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.