Zebra Technologies Co. (NASDAQ:ZBRA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $398.55.

Several brokerages have issued reports on ZBRA. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. TD Cowen lifted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $385.37 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies has a twelve month low of $233.95 and a twelve month high of $413.43. The company has a fifty day moving average of $390.50 and a 200-day moving average of $352.02. The firm has a market capitalization of $19.88 billion, a P/E ratio of 52.43 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, sell-side analysts anticipate that Zebra Technologies will post 12.4 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

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

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.