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

Shares of Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $393.82.

ZBRA has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. UBS Group upped their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. TD Cowen lifted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Truist Financial reaffirmed a "hold" rating and issued a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st.

Zebra Technologies Stock Down 1.0 %

Shares of NASDAQ:ZBRA traded down $4.05 on Friday, hitting $403.59. 249,217 shares of the company traded hands, compared to its average volume of 299,110. The stock has a 50 day simple moving average of $388.62 and a 200-day simple moving average of $350.11. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market cap of $20.82 billion, a PE ratio of 54.91 and a beta of 1.63. Zebra Technologies has a 52 week low of $233.95 and a 52 week high of $413.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies's revenue was up 31.3% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. As a group, research analysts expect that Zebra Technologies will post 12.4 earnings per share for the current year.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company's stock, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock valued at $102,189,000 after purchasing an additional 265,014 shares in the last quarter. AXA S.A. increased its holdings in shares of Zebra Technologies by 62.3% in the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock worth $85,841,000 after buying an additional 106,630 shares during the last quarter. State Street Corp raised its position in shares of 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 valued at $796,128,000 after buying an additional 70,771 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Zebra Technologies by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company's stock valued at $52,922,000 after acquiring an additional 69,549 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Zebra Technologies by 158.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company's stock valued at $37,356,000 after purchasing an additional 61,842 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

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.