TD Cowen Boosts Zebra Technologies (NASDAQ:ZBRA) Price Target to $375.00

Zebra Technologies (NASDAQ:ZBRA) had its price target lifted by TD Cowen from $300.00 to $375.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on ZBRA. Truist Financial assumed 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. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective on the stock in a research note on Monday, April 8th. StockNews.com cut Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Finally, Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $310.64.

Zebra Technologies Stock Down 1.0 %

Shares of Zebra Technologies stock opened at $309.59 on Wednesday. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $322.95. The business has a fifty day simple moving average of $289.78 and a 200 day simple moving average of $258.44. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The stock has a market cap of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $3.59 EPS. Zebra Technologies’s revenue was down 16.4% on a year-over-year basis. Research analysts predict that Zebra Technologies will post 10.03 EPS for the current year.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value 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 SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

A number of institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. increased its position in shares of Zebra Technologies by 5.5% in the third quarter. Asset Management One Co. Ltd. now owns 22,011 shares of the industrial products company’s stock valued at $5,206,000 after acquiring an additional 1,152 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Zebra Technologies by 23.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,130 shares of the industrial products company’s stock valued at $4,525,000 after acquiring an additional 3,574 shares during the last quarter. Raymond James & Associates increased its position in shares of Zebra Technologies by 8.2% in the third quarter. Raymond James & Associates now owns 167,719 shares of the industrial products company’s stock valued at $39,671,000 after acquiring an additional 12,745 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Zebra Technologies by 3.9% in the third quarter. Stratos Wealth Partners LTD. now owns 10,285 shares of the industrial products company’s stock valued at $2,433,000 after acquiring an additional 387 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Zebra Technologies by 5.0% in the third quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 211 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

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.