Truist Financial Forecasts Strong Price Appreciation for Zebra Technologies (NASDAQ:ZBRA) Stock

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its price target upped by Truist Financial from $408.00 to $409.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a hold rating on the industrial products company's stock.

Several other equities analysts have also recently issued reports on the stock. UBS Group boosted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price target on Zebra Technologies from $400.00 to $427.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Citigroup started coverage on shares of Zebra Technologies in a report on Tuesday. They set a "neutral" rating and a $430.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $401.25.

Zebra Technologies Trading Up 0.7 %

Zebra Technologies stock traded up $2.99 during trading hours on Thursday, reaching $405.71. The company had a trading volume of 270,558 shares, compared to its average volume of 367,814. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies has a 12-month low of $233.95 and a 12-month high of $413.43. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 55.20 and a beta of 1.64. The company has a 50-day moving average price of $396.79 and a 200 day moving average price of $365.01.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for 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%. The company's revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Equities analysts forecast that Zebra Technologies will post 11.8 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 business's stock in a transaction 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 sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies during the 2nd quarter worth approximately $27,000. Concord Wealth Partners bought a new position in Zebra Technologies in the third quarter worth approximately $30,000. Fortitude Family Office LLC lifted its holdings in Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after buying an additional 59 shares during the period. Blue Trust Inc. increased its holdings in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares during the period. Finally, Assetmark Inc. raised its position in shares of Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company's stock worth $56,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

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.