Shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Get Free Report) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $357.4444.
A number of equities research analysts recently commented on the company. BNP Paribas Exane upgraded Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 target price on the stock in a research report on Thursday, July 10th. Citigroup reaffirmed a “neutral” rating and issued a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Morgan Stanley boosted their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Barclays set a $301.00 price target on shares of Zebra Technologies and gave the company an “equal weight” rating in a report on Tuesday, August 5th.
Read Our Latest Research Report on Zebra Technologies
Zebra Technologies Price Performance
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $3.18 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. On average, equities research analysts predict that Zebra Technologies will post 13.71 EPS for the current year.
Zebra Technologies announced that its board has approved a stock buyback program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Hedge Funds Weigh In On Zebra Technologies
Several large investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in Zebra Technologies during the second quarter valued at $25,000. Investment Management Corp VA ADV purchased a new stake in shares of Zebra Technologies during the 4th quarter worth about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Zebra Technologies during the 1st quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Zebra Technologies during the 1st quarter valued at about $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Zebra Technologies in the 1st quarter valued at about $30,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.
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.
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