Zebra Technologies (NASDAQ:ZBRA) PT Raised to $379.00 at Truist Financial

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price objective upped by equities researchers at Truist Financial from $345.00 to $379.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "hold" rating on the industrial products company's stock. Truist Financial's price objective points to a potential upside of 1.47% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. TD Cowen upped their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Stephens increased their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Vertical Research assumed coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price objective for the company. Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. Finally, Barclays boosted their price target on Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $352.73.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $4.53 during trading hours on Wednesday, hitting $373.50. The company's stock had a trading volume of 323,278 shares, compared to its average volume of 355,191. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $375.88. The company's 50 day simple moving average is $344.91 and its two-hundred day simple moving average is $321.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The company has a market cap of $19.27 billion, a P/E ratio of 74.11 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the previous year, the company earned $3.24 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Zebra Technologies will post 11.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies during the second quarter valued at $27,000. Farmers & Merchants Investments Inc. grew its position in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after acquiring an additional 63 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Zebra Technologies in the second quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new stake in Zebra Technologies during the first quarter worth approximately $36,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other 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.