Brokerages Set Zebra Technologies Co. (NASDAQ:ZBRA) Target Price at $385.18

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $385.18.

A number of equities analysts recently commented on the company. Barclays increased their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Stephens raised their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley raised their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction 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 transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ZBRA. Sequoia Financial Advisors LLC acquired a new stake in shares of Zebra Technologies in the 3rd quarter worth $247,000. Tidal Investments LLC boosted its position in shares of Zebra Technologies by 172.3% in the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Zebra Technologies by 23.0% in the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after purchasing an additional 1,643 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Zebra Technologies by 24.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock worth $4,724,000 after acquiring an additional 2,979 shares during the period. Finally, Raymond James & Associates lifted its position in Zebra Technologies by 2.5% during the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after acquiring an additional 4,750 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $402.45 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 12-month low of $227.65 and a 12-month high of $405.62. The stock has a 50-day moving average price of $377.79 and a 200 day moving average price of $342.59. The stock has a market capitalization of $20.76 billion, a P/E ratio of 54.76 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies will post 12.4 EPS for the current fiscal year.

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.