Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $375.00 at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA) had its price objective upped by Robert W. Baird from $355.00 to $375.00 in a research note released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the company. Needham & Company LLC increased their price objective on Zebra Technologies from $370.00 to $394.00 and gave the stock a buy rating in a research report on Wednesday. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective on the stock in a research report on Monday, April 8th. Vertical Research assumed coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a buy rating and a $375.00 price objective on the stock. Stephens increased their price objective on Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a research report on Wednesday, May 1st. Finally, UBS Group increased their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $349.64.

Zebra Technologies Stock Down 5.9 %

ZBRA opened at $322.30 on Wednesday. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $372.93. The stock’s fifty day simple moving average is $315.85 and its 200 day simple moving average is $295.52. The company has a current ratio of 1.28, a quick ratio of 0.56 and a debt-to-equity ratio of 0.63. The stock has a market cap of $16.57 billion, a PE ratio of 63.95 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $3.24 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts expect that Zebra Technologies will post 10.79 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In related 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 value of $531,085.07. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is currently owned by insiders.

Institutional Trading of Zebra Technologies

Large investors have recently bought and sold shares of the business. National Bank of Canada FI boosted its stake in shares of Zebra Technologies by 23.6% during the second quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock valued at $4,356,000 after purchasing an additional 2,720 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Zebra Technologies by 3.4% during the second quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock valued at $6,717,000 after purchasing an additional 709 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Zebra Technologies during the second quarter valued at about $726,000. Fortis Capital Advisors LLC acquired a new stake in shares of Zebra Technologies during the second quarter valued at about $726,000. Finally, CIBC Asset Management Inc boosted its stake in shares of Zebra Technologies by 9.9% during the second quarter. CIBC Asset Management Inc now owns 69,278 shares of the industrial products company’s stock valued at $21,402,000 after purchasing an additional 6,249 shares in 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.