Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $367.00 at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA) had its price target raised by Robert W. Baird from $320.00 to $367.00 in a report released on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

ZBRA has been the topic of a number of other reports. BNP Paribas Exane upgraded shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price target on the stock in a research report on Thursday, July 10th. Needham & Company LLC reduced their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Truist Financial cut their price objective 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. Finally, UBS Group cut 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. Five 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $350.82.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $322.83 on Monday. The firm has a fifty day moving average of $297.59 and a two-hundred day moving average of $308.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. Zebra Technologies has a 1-year low of $205.73 and a 1-year high of $427.76. The firm has a market cap of $16.42 billion, a P/E ratio of 30.54 and a beta of 1.75.

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

Hedge Funds Weigh In On Zebra Technologies

Several large investors have recently bought and sold shares of ZBRA. Vanguard Group Inc. grew its stake in shares of Zebra Technologies by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company’s stock worth $1,798,627,000 after purchasing an additional 104,940 shares during the last quarter. Invesco Ltd. grew its stake in shares of 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 during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

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.