Zebra Technologies (NASDAQ:ZBRA) Research Coverage Started at Vertical Research

Vertical Research started coverage on shares of Zebra Technologies (NASDAQ:ZBRA) in a research note issued to investors on Tuesday, Marketbeat reports. The firm issued a buy rating and a $375.00 price target on the industrial products company’s stock.

Several other equities research analysts have also recently weighed in on the stock. UBS Group raised their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Barclays initiated coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective on the stock. Robert W. Baird boosted their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Stephens raised their price target on Zebra Technologies from $335.00 to $380.00 and gave the company an overweight rating in a report on Wednesday, May 1st. Finally, Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective for the company in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $327.67.

Zebra Technologies Trading Up 0.7 %

Shares of Zebra Technologies stock opened at $324.41 on Tuesday. The stock has a market capitalization of $16.68 billion, a P/E ratio of 64.37 and a beta of 1.66. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $337.08. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $314.10 and a 200 day simple moving average of $291.68.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $3.59 EPS. Zebra Technologies’s revenue for the quarter was down 16.4% on a year-over-year basis. Research analysts expect that Zebra Technologies will post 10.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently made changes to their positions in ZBRA. Raymond James Trust N.A. raised its stake in shares of Zebra Technologies by 3.1% in the 2nd quarter. Raymond James Trust N.A. now owns 1,450 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 43 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in Zebra Technologies in the 2nd quarter valued at approximately $93,000. Transcendent Capital Group LLC bought a new stake in Zebra Technologies in the 2nd quarter valued at approximately $32,000. &PARTNERS acquired a new position in Zebra Technologies during the second quarter worth $618,000. Finally, Keystone Financial Services boosted its holdings in Zebra Technologies by 29.5% during the second quarter. Keystone Financial Services now owns 1,154 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 263 shares during the last quarter. 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.