Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $368.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective increased by UBS Group from $340.00 to $368.00 in a research note published on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the stock. Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective on the stock. Needham & Company LLC boosted their price target on Zebra Technologies from $320.00 to $352.00 and gave the company a buy rating in a report on Wednesday. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective for the company in a report on Monday, April 8th. Stephens lifted their target price on Zebra Technologies from $335.00 to $380.00 and gave the company an overweight rating in a research report on Wednesday. Finally, TD Cowen upped their price target on Zebra Technologies from $300.00 to $375.00 and gave the stock a buy rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Zebra Technologies has a consensus rating of Hold and a consensus price target of $310.64.

Zebra Technologies Stock Down 1.0 %

NASDAQ:ZBRA opened at $309.59 on Wednesday. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $289.78 and a two-hundred day moving average price of $258.13. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. Zebra Technologies’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.59 EPS. As a group, equities analysts expect that Zebra Technologies will post 9.76 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now 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 available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies in the first quarter valued at about $36,000. Global Retirement Partners LLC raised its stake in Zebra Technologies by 210.3% in the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 82 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares in the last quarter. Wellington Shields & Co. LLC bought a new stake in Zebra Technologies in the 1st quarter valued at about $45,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Zebra Technologies during the 4th quarter worth approximately $44,000. 91.03% of the stock is owned by institutional investors and hedge funds.

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.