Zebra Technologies (NASDAQ:ZBRA) Upgraded to Hold by StockNews.com

Zebra Technologies (NASDAQ:ZBRA) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Several other research firms have also recently weighed in on ZBRA. Truist Financial restated a “hold” rating and set a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a report on Wednesday. Barclays initiated coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target for the company. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Cowen lifted their target price on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Hold” and a consensus price target of $310.64.

Zebra Technologies Stock Down 1.0 %

Shares of NASDAQ ZBRA opened at $309.59 on Thursday. The stock has a 50-day moving average price of $289.78 and a two-hundred day moving average price of $258.13. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $322.95. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $3.59 earnings per share. As a group, analysts forecast that Zebra Technologies will post 10.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Zebra Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Czech National Bank raised its holdings in Zebra Technologies by 0.5% during the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock worth $2,724,000 after buying an additional 41 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Zebra Technologies by 3.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,652 shares of the industrial products company’s stock worth $498,000 after acquiring an additional 55 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 56 shares during the last quarter. Wahed Invest LLC lifted its position in Zebra Technologies by 7.2% in the 4th quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 58 shares in the last quarter. Finally, MJP Associates Inc. ADV increased its holdings in Zebra Technologies by 7.5% during the 4th quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 64 shares in the last quarter. 91.03% of the stock is owned by 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.