Zebra Technologies Co. (NASDAQ:ZBRA) Receives Consensus Recommendation of “Hold” from Analysts

Zebra Technologies Co. (NASDAQ:ZBRA) has been assigned a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $310.64.

ZBRA has been the subject of several analyst reports. Stephens raised their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group raised their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial reiterated a “hold” rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday. Finally, TD Cowen lifted their target price on Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday.

Zebra Technologies Trading Down 1.0 %

NASDAQ ZBRA opened at $309.59 on Friday. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The stock’s 50-day simple moving average is $289.78 and its two-hundred day simple moving average is $258.13. 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 has a twelve month low of $194.59 and a twelve month high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $3.59 earnings per share. Zebra Technologies’s quarterly revenue was down 16.4% on a year-over-year basis. Research analysts forecast that Zebra Technologies will post 9.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s 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 sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BOK Financial Private Wealth Inc. bought a new position in shares of Zebra Technologies during the first quarter valued at approximately $36,000. Global Retirement Partners LLC grew its stake in shares of Zebra Technologies by 210.3% during the first 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 last quarter. First Horizon Advisors Inc. grew its stake 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 buying an additional 56 shares during the last quarter. Wellington Shields & Co. LLC purchased a new stake in shares of Zebra Technologies in the first quarter valued at approximately $45,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $44,000. Institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

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.