Truist Financial Issues Positive Forecast for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price objective hoisted by Truist Financial from $383.00 to $408.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the industrial products company's stock. Truist Financial's target price suggests a potential upside of 5.87% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley lifted their price objective on Zebra Technologies from $400.00 to $427.00 and gave the company an "equal weight" rating in a research report on Tuesday. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen upped their price objective 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. Needham & Company LLC raised their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $398.55.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $1.90 during trading hours on Thursday, reaching $385.37. 432,239 shares of the company traded hands, compared to its average volume of 358,318. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm's 50-day moving average is $390.50 and its 200-day moving average is $352.02. The stock has a market cap of $19.88 billion, a P/E ratio of 52.43 and a beta of 1.63. Zebra Technologies has a 1-year low of $233.95 and a 1-year high of $413.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. The business's revenue for the quarter was up 31.3% compared to the same quarter last year. Equities research analysts expect that Zebra Technologies will post 12.4 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

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 stock was 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 owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.06% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Zebra Technologies by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company's stock worth $40,890,000 after buying an additional 6,514 shares during the period. Tidal Investments LLC increased its position in shares of Zebra Technologies by 12.0% during the third quarter. Tidal Investments LLC now owns 1,860 shares of the industrial products company's stock worth $689,000 after acquiring an additional 200 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Zebra Technologies in the third quarter worth about $92,000. Sanctuary Advisors LLC boosted its holdings in Zebra Technologies by 0.9% in the third quarter. Sanctuary Advisors LLC now owns 10,643 shares of the industrial products company's stock valued at $4,227,000 after purchasing an additional 98 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Zebra Technologies by 390.0% in the third quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company's stock valued at $109,000 after purchasing an additional 234 shares during the last quarter. 91.03% of the stock is 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.