Zebra Technologies (NASDAQ:ZBRA) Upgraded at Wolfe Research

Zebra Technologies (NASDAQ:ZBRA) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Monday, MarketBeat Ratings reports. The firm presently has a $337.00 price target on the industrial products company’s stock. Wolfe Research’s price target indicates a potential upside of 16.05% from the stock’s current price.

Several other research firms also recently commented on ZBRA. StockNews.com downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Barclays initiated coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. Finally, Truist Financial initiated coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies has an average rating of “Hold” and an average target price of $278.64.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $290.38 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The stock’s fifty day moving average price is $276.35 and its two-hundred day moving average price is $249.16. Zebra Technologies has a one year low of $194.59 and a one year high of $320.55. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 50.85 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.43 EPS. On average, equities analysts forecast that Zebra Technologies will post 9.76 EPS for the current year.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. 1.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds have recently added to or reduced their stakes in ZBRA. Victory Capital Management Inc. lifted its stake in shares of Zebra Technologies by 663.2% in the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after acquiring an additional 840,169 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Zebra Technologies by 65.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,361,482 shares of the industrial products company’s stock valued at $402,767,000 after acquiring an additional 537,300 shares during the last quarter. Boston Partners lifted its stake in shares of Zebra Technologies by 107.1% in the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after acquiring an additional 522,779 shares during the last quarter. Norges Bank bought a new position in Zebra Technologies during the 4th quarter valued at approximately $108,922,000. Finally, Macquarie Group Ltd. raised its position in Zebra Technologies by 37.0% during the 1st quarter. Macquarie Group Ltd. now owns 1,048,959 shares of the industrial products company’s stock valued at $333,569,000 after purchasing an additional 283,542 shares during the last quarter. 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.