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

Zebra Technologies (NASDAQ:ZBRA) had its price objective hoisted by Morgan Stanley from $360.00 to $380.00 in a research note published on Wednesday, MarketBeat.com reports. They currently have an equal weight rating on the industrial products company’s stock.

Other equities research analysts also recently issued research reports about the stock. KeyCorp increased their price objective on shares of Zebra Technologies from $305.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating on shares of Zebra Technologies in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 2nd. BNP Paribas Exane reiterated an “outperform” rating and set a $455.00 target price (up from $370.00) on shares of Zebra Technologies in a report on Wednesday, August 5th. Finally, TD Cowen lifted their price target on Zebra Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $388.67.

Zebra Technologies Price Performance

Shares of ZBRA opened at $322.02 on Wednesday. The stock has a 50 day simple moving average of $364.61 and a 200 day simple moving average of $282.38. Zebra Technologies has a 52-week low of $199.05 and a 52-week high of $392.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.52. The firm has a market capitalization of $15.34 billion, a PE ratio of 25.99 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.89 by $0.06. Zebra Technologies had a net margin of 9.22% and a return on equity of 22.29%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company posted $3.88 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis. Sell-side analysts predict that Zebra Technologies will post 18.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Linda Connly sold 500 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $377.68, for a total value of $188,840.00. Following the completion of the transaction, the director owned 3,708 shares of the company’s stock, valued at approximately $1,400,437.44. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Aberdeen Group plc increased its holdings in Zebra Technologies by 8,890.2% during the third quarter. Aberdeen Group plc now owns 388,019 shares of the industrial products company’s stock worth $144,851,000 after buying an additional 383,703 shares during the last quarter. Fifth Third Bancorp lifted its stake in Zebra Technologies by 172.9% in the third quarter. Fifth Third Bancorp now owns 24,522 shares of the industrial products company’s stock valued at $9,154,000 after acquiring an additional 15,537 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Zebra Technologies by 11.5% in the third quarter. Maryland State Retirement & Pension System now owns 2,959 shares of the industrial products company’s stock valued at $1,105,000 after acquiring an additional 305 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Zebra Technologies in the third quarter valued at $1,470,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of Zebra Technologies in the 3rd quarter valued at about $279,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

Zebra Technologies Corp. (NASDAQ: ZBRA) develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company’s portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.