Zebra Technologies Co. (NASDAQ:ZBRA) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $381.42.

A number of brokerages have weighed in on ZBRA. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective for the company. Barclays reduced their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Morgan Stanley reduced their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, UBS Group decreased their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.06% of the company's stock.

Remove Ads

Institutional Trading of Zebra Technologies

A number of institutional investors have recently added to or reduced their stakes in ZBRA. Cascade Investment Advisors Inc. lifted its position in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after acquiring an additional 25 shares during the period. Equitable Trust Co. raised its holdings in Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock worth $618,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after purchasing an additional 30 shares during the last quarter. New York Life Investment Management LLC boosted its position in Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after purchasing an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Zebra Technologies by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Down 1.5 %

Shares of Zebra Technologies stock traded down $4.35 during trading hours on Tuesday, hitting $280.79. The company had a trading volume of 289,682 shares, compared to its average volume of 399,550. The company's 50-day moving average is $334.68 and its two-hundred day moving average is $365.97. Zebra Technologies has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market cap of $14.43 billion, a P/E ratio of 27.58 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. Analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

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.