Zebra Technologies (NASDAQ:ZBRA) Given New $320.00 Price Target at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA) had its price target lifted by research analysts at Robert W. Baird from $290.00 to $320.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 9.88% from the company’s current price.

ZBRA has been the subject of a number of other reports. Wall Street Zen downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Barclays lowered their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Citigroup lowered their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Truist Financial reduced their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $328.82.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $291.24 on Wednesday. Zebra Technologies has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a 50 day moving average of $260.89 and a 200-day moving average of $326.93. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $14.81 billion, a P/E ratio of 28.61 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $2.84 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Zebra Technologies will post 13.71 EPS for the current fiscal year.

Institutional Trading of Zebra Technologies

A number of large investors have recently added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies in the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV increased its position in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 36 shares during the period. Sierra Ocean LLC bought a new position in Zebra Technologies in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the 4th quarter valued at about $31,000. Finally, Avalon Trust Co bought a new position in Zebra Technologies in the 4th quarter valued at about $35,000. Institutional investors and hedge funds 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.