Stephens Raises Zebra Technologies (NASDAQ:ZBRA) Price Target to $380.00

Zebra Technologies (NASDAQ:ZBRA) had its target price raised by Stephens from $335.00 to $380.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

ZBRA has been the topic of a number of other research reports. StockNews.com cut Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Barclays started coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They set an equal weight rating and a $292.00 target price on the stock. TD Cowen upped their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research report on Wednesday. Robert W. Baird increased their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 target price for the company in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $310.64.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $309.59 on Wednesday. The company has a market capitalization of $15.91 billion, a P/E ratio of 61.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $322.95. The company’s 50 day moving average price is $289.78 and its two-hundred day moving average price is $258.44.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $3.59 earnings per share. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, analysts expect that Zebra Technologies will post 10.03 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

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 value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.06% of the stock is owned by insiders.

Institutional Trading of Zebra Technologies

Several hedge funds have recently added to or reduced their stakes in ZBRA. Victory Capital Management Inc. boosted its holdings in shares of Zebra Technologies by 663.2% in the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock worth $264,270,000 after acquiring an additional 840,169 shares during the period. Boston Partners raised its holdings in shares of Zebra Technologies by 107.1% during the fourth quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after acquiring an additional 522,779 shares in the last quarter. Norges Bank bought a new stake in shares of Zebra Technologies during the 4th quarter valued at about $102,886,000. APG Asset Management US Inc. bought a new position in shares of Zebra Technologies in the 4th quarter worth approximately $67,476,000. Finally, Fort Pitt Capital Group LLC boosted its holdings in shares of Zebra Technologies by 24,337.4% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock valued at $56,010,000 after buying an additional 235,829 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

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.