Zebra Technologies Co. (NASDAQ:ZBRA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $343.36.

A number of equities analysts have weighed in on the stock. Barclays reduced their price objective 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. Morgan Stanley dropped their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Robert W. Baird dropped their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Citigroup dropped their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Truist Financial dropped their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.84% of the company's stock.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after buying an additional 1,267 shares during the period. GHP Investment Advisors Inc. increased its stake in Zebra Technologies by 3.1% in the first quarter. GHP Investment Advisors Inc. now owns 19,944 shares of the industrial products company's stock valued at $5,635,000 after acquiring an additional 592 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Zebra Technologies by 1.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after buying an additional 66 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Zebra Technologies during the first quarter worth approximately $420,000. Finally, North Point Portfolio Managers Corp OH lifted its position in shares of Zebra Technologies by 1.4% during the first quarter. North Point Portfolio Managers Corp OH now owns 31,068 shares of the industrial products company's stock worth $8,778,000 after purchasing an additional 429 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 6.2 %

Zebra Technologies stock traded up $14.13 during mid-day trading on Friday, hitting $241.33. The company's stock had a trading volume of 111,553 shares, compared to its average volume of 432,813. The company has a 50 day moving average of $274.80 and a 200-day moving average of $349.64. The stock has a market cap of $12.40 billion, a PE ratio of 23.71 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies has a one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 during the quarter, compared to analysts' expectations of $1.31 billion. On average, research analysts anticipate that Zebra Technologies will post 13.71 EPS for the current 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.