Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $425.00

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its target price increased by research analysts at TD Cowen from $380.00 to $425.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. TD Cowen's target price points to a potential upside of 10.54% from the company's current price.

Several other equities research analysts also recently issued reports on ZBRA. Vertical Research initiated coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price objective for the company. Needham & Company LLC upped their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Wednesday. Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. Finally, Stephens upped their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.73.

Zebra Technologies Trading Down 0.0 %

ZBRA traded down $0.19 during trading on Wednesday, hitting $384.49. 669,590 shares of the company's stock were exchanged, compared to its average volume of 357,967. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $394.57. The stock has a 50 day moving average price of $357.05 and a 200 day moving average price of $329.20. The firm has a market cap of $19.83 billion, a P/E ratio of 86.79 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 (EPS) for the quarter, topping 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $3.24 earnings per share. Zebra Technologies's revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts expect that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated 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 owns 9,694 shares of the company's stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.04% of the company's stock.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Concord Wealth Partners bought a new stake in shares of Zebra Technologies during the 3rd quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies during the 2nd quarter worth about $27,000. Farmers & Merchants Investments Inc. raised its position in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after buying an additional 63 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Zebra Technologies during the 2nd quarter worth about $32,000. Finally, Blue Trust Inc. raised its position in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

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.

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