Zebra Technologies (NASDAQ:ZBRA) PT Raised to $330.00 at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA) had its price objective upped by Robert W. Baird from $312.00 to $330.00 in a report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on ZBRA. Truist Financial initiated coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a hold rating and a $300.00 target price on the stock. Barclays started coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price objective on the stock. TD Cowen lifted their target price on Zebra Technologies from $300.00 to $375.00 and gave the stock a buy rating in a research report on Wednesday. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target for the company in a report on Monday, April 8th. Finally, StockNews.com cut Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $310.64.

Zebra Technologies Price Performance

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

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.59 earnings per share. Analysts predict that Zebra Technologies will post 10.03 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its holdings in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 56 shares during the period. Global Retirement Partners LLC increased its stake in Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after buying an additional 82 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies during the 1st quarter valued at about $36,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Zebra Technologies during the 4th quarter worth about $44,000. Finally, Wellington Shields & Co. LLC acquired a new stake in shares of Zebra Technologies in the 1st quarter worth approximately $45,000. 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.