Truist Financial Reaffirms "Hold" Rating for Zebra Technologies (NASDAQ:ZBRA)

Truist Financial reaffirmed their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA - Free Report) in a research report sent to investors on Wednesday, Benzinga reports. Truist Financial currently has a $383.00 target price on the industrial products company's stock, up from their prior target price of $379.00.

Other analysts also recently issued research reports about the company. Vertical Research initiated coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $375.00 target price on the stock. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Wednesday. Barclays upped their price objective on Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a report on Wednesday, July 31st. TD Cowen lifted their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.73.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $0.79 during trading on Wednesday, hitting $383.89. 960,335 shares of the stock were exchanged, compared to its average volume of 359,351. The stock has a market cap of $19.80 billion, a PE ratio of 86.79 and a beta of 1.66. The stock's fifty day moving average is $357.05 and its 200 day moving average is $329.20. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $394.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $3.24 earnings per share. As a group, sell-side analysts anticipate that Zebra Technologies will post 11.09 EPS for the current year.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

A number of institutional investors have recently bought and sold shares of ZBRA. Cascade Investment Advisors Inc. lifted its position in shares of Zebra Technologies by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock worth $1,625,000 after purchasing an additional 30 shares in the last quarter. Private Advisor Group LLC lifted its position in Zebra Technologies by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock worth $821,000 after buying an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock valued at $36,000 after buying an additional 33 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in Zebra Technologies by 3.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company's stock valued at $431,000 after purchasing an additional 35 shares in the last quarter. Finally, Valmark Advisers Inc. grew its stake in shares of Zebra Technologies by 4.3% in the 3rd quarter. Valmark Advisers Inc. now owns 841 shares of the industrial products company's stock valued at $311,000 after buying an additional 35 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.