Zebra Technologies Co. (NASDAQ:ZBRA) Receives $349.64 Consensus PT from Analysts

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $349.64.

Several brokerages have recently commented on ZBRA. Robert W. Baird raised their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Vertical Research began 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 on the stock. Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. TD Cowen raised their price objective 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. Finally, Barclays lifted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a report on Wednesday, July 31st.

Zebra Technologies Stock Performance

ZBRA traded down $6.02 during trading on Tuesday, hitting $364.30. The company's stock had a trading volume of 359,553 shares, compared to its average volume of 357,837. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies has a one year low of $194.59 and a one year high of $375.88. The firm has a market cap of $18.79 billion, a PE ratio of 73.38 and a beta of 1.65. The business's 50 day simple moving average is $340.69 and its 200-day simple moving average is $317.99.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share 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 business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $3.24 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Zebra Technologies will post 11.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares of the company's stock, valued at approximately $3,312,342.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.06% of the company's stock.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently modified their holdings of the business. TD Asset Management Inc grew its position in Zebra Technologies by 5.9% during the 4th quarter. TD Asset Management Inc now owns 20,664 shares of the industrial products company's stock worth $5,648,000 after purchasing an additional 1,147 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Zebra Technologies by 3.7% in the 4th quarter. California State Teachers Retirement System now owns 85,548 shares of the industrial products company's stock valued at $23,383,000 after acquiring an additional 3,060 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Zebra Technologies by 18.0% during the fourth quarter. Rafferty Asset Management LLC now owns 18,137 shares of the industrial products company's stock worth $4,957,000 after buying an additional 2,769 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Zebra Technologies by 3.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,563 shares of the industrial products company's stock worth $701,000 after buying an additional 96 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Zebra Technologies during the fourth quarter worth $1,641,000. 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.