Citigroup Begins Coverage on Zebra Technologies (NASDAQ:ZBRA)

Equities research analysts at Citigroup began coverage on shares of Zebra Technologies (NASDAQ:ZBRA - Get Free Report) in a report issued on Tuesday, MarketBeat reports. The firm set a "neutral" rating and a $430.00 price target on the industrial products company's stock. Citigroup's target price would indicate a potential upside of 9.03% from the company's current price.

A number of other brokerages also recently issued reports on ZBRA. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. TD Cowen lifted their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Barclays boosted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $401.17.

Zebra Technologies Stock Up 3.3 %

Shares of ZBRA traded up $12.71 during midday trading on Tuesday, reaching $394.40. 414,533 shares of the stock were exchanged, compared to its average volume of 393,979. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company's 50 day moving average is $396.43 and its two-hundred day moving average is $363.80. The company has a market capitalization of $20.34 billion, a P/E ratio of 53.66 and a beta of 1.64. Zebra Technologies has a 52 week low of $233.95 and a 52 week high of $413.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $0.57 EPS. The company's revenue for the quarter was up 31.3% on a year-over-year basis. On average, sell-side analysts anticipate that Zebra Technologies will post 12.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of Zebra Technologies

Several large investors have recently made changes to their positions in ZBRA. Contravisory Investment Management Inc. boosted its holdings in Zebra Technologies by 1.8% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,072 shares of the industrial products company's stock valued at $800,000 after purchasing an additional 36 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Zebra Technologies in the 4th quarter valued at about $1,158,000. Park Avenue Securities LLC lifted its holdings in shares of Zebra Technologies by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 8,840 shares of the industrial products company's stock valued at $3,414,000 after buying an additional 1,481 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Zebra Technologies by 103.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 31,785 shares of the industrial products company's stock worth $12,276,000 after buying an additional 16,186 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Zebra Technologies during the fourth quarter worth about $695,000. 91.03% of the stock is owned by hedge funds and other 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 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.