Brokerages Set Zebra Technologies Co. (NASDAQ:ZBRA) Target Price at $398.55

Shares of Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $398.55.

A number of analysts have commented on ZBRA shares. TD Cowen increased their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Truist Financial raised their price objective on shares of Zebra Technologies from $383.00 to $408.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price target on Zebra Technologies from $400.00 to $427.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird increased their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th.

Insider Activity

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's 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 completion of the transaction, the chief financial officer now directly 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 legal filing with the SEC, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

Institutional Trading of Zebra Technologies

Several institutional investors have recently modified their holdings of the business. State Street Corp lifted its holdings in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after buying an additional 70,771 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Zebra Technologies by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company's stock worth $447,828,000 after acquiring an additional 24,058 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after acquiring an additional 14,237 shares during the period. JPMorgan Chase & Co. boosted its holdings in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after acquiring an additional 89,765 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Zebra Technologies by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company's stock valued at $158,001,000 after purchasing an additional 18,922 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Up 0.2 %

Shares of Zebra Technologies stock traded up $0.89 during trading hours on Thursday, reaching $397.00. 410,876 shares of the company's stock were exchanged, compared to its average volume of 353,797. The stock has a market cap of $20.48 billion, a P/E ratio of 54.01 and a beta of 1.64. The company has a 50 day moving average of $396.02 and a two-hundred day moving average of $361.35. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies has a fifty-two week low of $233.95 and a fifty-two week high of $413.43.

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

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.