Zebra Technologies Co. (NASDAQ:ZBRA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $331.20.

ZBRA has been the topic of a number of analyst reports. UBS Group dropped their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 28th. Truist Financial cut their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Barclays lowered their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Finally, Robert W. Baird raised their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Zebra Technologies during the 4th quarter worth approximately $201,420,000. FMR LLC increased its position in Zebra Technologies by 181.1% during the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock worth $299,585,000 after buying an additional 499,736 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after buying an additional 379,491 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $140,039,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Zebra Technologies in the first quarter valued at about $99,995,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.0%

Shares of NASDAQ:ZBRA opened at $292.68 on Friday. The company’s 50-day moving average price is $265.35 and its two-hundred day moving average price is $323.63. Zebra Technologies has a one year low of $205.73 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market capitalization of $14.88 billion, a PE ratio of 28.75 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $2.84 earnings per share. Zebra Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Zebra Technologies will post 13.71 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 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.