Zebra Technologies Co. (NASDAQ:ZBRA) Receives Average Recommendation of “Hold” from Brokerages

Zebra Technologies Co. (NASDAQ:ZBRA) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $278.64.

A number of analysts have recently commented on the stock. Barclays assumed coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective on the stock. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research report on Monday. Truist Financial began coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They set a “hold” rating and a $300.00 price target on the stock. Finally, StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th.

Zebra Technologies Stock Up 2.2 %

Zebra Technologies stock opened at $296.87 on Tuesday. The stock has a market capitalization of $15.25 billion, a PE ratio of 51.99 and a beta of 1.79. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $320.55. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average of $277.17 and a 200-day moving average of $249.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.43 earnings per share. On average, equities research analysts anticipate that Zebra Technologies will post 9.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after acquiring an additional 22,327 shares during the last quarter. BlackRock Inc. raised its holdings in Zebra Technologies by 8.0% in the 1st quarter. BlackRock Inc. now owns 3,812,577 shares of the industrial products company’s stock valued at $1,212,399,000 after buying an additional 280,844 shares during the last quarter. State Street Corp raised its holdings in Zebra Technologies by 0.5% in the 2nd quarter. State Street Corp now owns 2,076,555 shares of the industrial products company’s stock valued at $614,307,000 after buying an additional 11,351 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Zebra Technologies by 4.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock valued at $389,400,000 after buying an additional 77,086 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Zebra Technologies by 65.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,361,482 shares of the industrial products company’s stock valued at $402,767,000 after buying an additional 537,300 shares during the last quarter. Institutional investors 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.