Analysts Set Zebra Technologies Co. (NASDAQ:ZBRA) PT at $267.00

Zebra Technologies Co. (NASDAQ:ZBRA) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $267.00.

Several equities analysts have recently issued reports on the stock. Wolfe Research raised shares of Zebra Technologies from an “underperform” rating to a “peer perform” rating in a report on Wednesday, August 2nd. Credit Suisse Group decreased their price target on shares of Zebra Technologies from $295.00 to $275.00 and set an “outperform” rating for the company in a report on Wednesday, August 2nd. Needham & Company LLC decreased their price target on shares of Zebra Technologies from $285.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. UBS Group decreased their price target on shares of Zebra Technologies from $370.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Finally, StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday.

Zebra Technologies Price Performance

ZBRA opened at $218.02 on Friday. The company has a fifty day moving average price of $221.53 and a two-hundred day moving average price of $258.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.51 and a current ratio of 1.06. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $351.74. The firm has a market capitalization of $11.20 billion, a PE ratio of 24.31 and a beta of 1.73.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Zebra Technologies had a net margin of 9.16% and a return on equity of 21.07%. The firm had revenue of $956.00 million during the quarter, compared to analyst estimates of $927.30 million. During the same quarter in the previous year, the business earned $3.65 EPS. The business’s quarterly revenue was down 30.6% compared to the same quarter last year. As a group, analysts anticipate that Zebra Technologies will post 8.7 earnings per share for the current year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CEO Bill Burns purchased 1,219 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $205.00 per share, with a total value of $249,895.00. Following the transaction, the chief executive officer now directly owns 22,006 shares of the company’s stock, valued at approximately $4,511,230. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Zebra Technologies news, CFO Nathan Andrew Winters purchased 479 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $209.99 per share, with a total value of $100,585.21. Following the transaction, the chief financial officer now directly owns 10,762 shares of the company’s stock, valued at approximately $2,259,912.38. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bill Burns bought 1,219 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $205.00 per share, for a total transaction of $249,895.00. Following the completion of the acquisition, the chief executive officer now owns 22,006 shares in the company, valued at approximately $4,511,230. The disclosure for this purchase can be found here. 1.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ZBRA. Zions Bancorporation N.A. raised its holdings in shares of Zebra Technologies by 1,100.0% in the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 55 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Zebra Technologies in the 1st quarter valued at about $27,000. Silicon Valley Capital Partners bought a new stake in shares of Zebra Technologies in the 1st quarter valued at about $29,000. Clear Street Markets LLC raised its holdings in shares of Zebra Technologies by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 49 shares during the period. Finally, Clearstead Trust LLC bought a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $34,000. 85.44% of the stock is 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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.