Zebra Technologies Co. (NASDAQ:ZBRA) has earned an average rating of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $387.67.

ZBRA has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, February 12th. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $445.00 to $515.00 and gave the company a “buy” rating in a report on Friday, February 12th. Northcoast Research upgraded shares of Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 price objective on the stock in a report on Monday, March 29th. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 price objective on the stock in a report on Friday, February 26th. Finally, William Blair restated a “market perform” rating on shares of Zebra Technologies in a report on Friday, February 19th.

In related news, CEO Anders Gustafsson sold 15,865 shares of the stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $479.39, for a total value of $7,605,522.35. Following the transaction, the chief executive officer now owns 205,934 shares in the company, valued at approximately $98,722,700.26. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Colleen M. O’sullivan sold 967 shares of the stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $490.10, for a total transaction of $473,926.70. Following the completion of the transaction, the chief accounting officer now owns 4,509 shares in the company, valued at approximately $2,209,860.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,535 shares of company stock worth $25,429,582. 2.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Zebra Technologies by 11.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,429,247 shares of the industrial products company’s stock worth $549,301,000 after purchasing an additional 145,268 shares in the last quarter. Lazard Asset Management LLC boosted its position in Zebra Technologies by 5.5% in the 4th quarter. Lazard Asset Management LLC now owns 811,364 shares of the industrial products company’s stock worth $311,830,000 after purchasing an additional 42,351 shares in the last quarter. Wells Fargo & Company MN boosted its position in Zebra Technologies by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 789,593 shares of the industrial products company’s stock worth $303,466,000 after purchasing an additional 20,692 shares in the last quarter. Norges Bank purchased a new stake in Zebra Technologies in the 4th quarter worth approximately $202,920,000. Finally, Nordea Investment Management AB boosted its position in Zebra Technologies by 32.4% in the 4th quarter. Nordea Investment Management AB now owns 471,764 shares of the industrial products company’s stock worth $181,313,000 after purchasing an additional 115,334 shares in the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.

Zebra Technologies stock traded up $5.02 during trading hours on Monday, reaching $490.33. The stock had a trading volume of 489 shares, compared to its average volume of 374,588. The company has a market cap of $26.22 billion, a price-to-earnings ratio of 53.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.42. The business’s 50 day moving average price is $481.07 and its 200-day moving average price is $385.79. Zebra Technologies has a 52 week low of $192.23 and a 52 week high of $516.78.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Wednesday, February 10th. The industrial products company reported $4.46 EPS for the quarter, topping the Zacks’ consensus estimate of $3.80 by $0.66. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. During the same period in the previous year, the company posted $3.56 earnings per share. On average, sell-side analysts forecast that Zebra Technologies will post 10.36 EPS for the current fiscal year.

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, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including 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, as well as self-laminating wristbands for use in laser printers.

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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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