Zebra Technologies (NASDAQ:ZBRA) Coverage Initiated by Analysts at Jefferies Financial Group

Key Points

• Jefferies initiated coverage with a Buy rating and a $382 price target, implying 18.86% upside from the stock’s then-current price.
• Analyst sentiment is broadly positive: 11 analysts rate Zebra Technologies Buy and five Hold, giving it a Moderate Buy consensus and an average price target of $388.15.
• Zebra beat quarterly earnings and revenue estimates, reporting $4.95 per share and $1.61 billion in revenue; revenue increased 22.3% year over year.

Analysts at Jefferies Financial Group initiated coverage on shares of Zebra Technologies (NASDAQ:ZBRA - Get Free Report) in a note issued to investors on Wednesday, Briefing.com reports. The firm set a "buy" rating and a $382.00 price target on the industrial products company's stock. Jefferies Financial Group's price objective would suggest a potential upside of 18.86% from the stock's current price.

ZBRA has been the topic of several other reports. Wall Street Zen lowered shares of Zebra Technologies from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Zacks Research cut shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. TD Cowen lifted their price objective on shares of Zebra Technologies from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. KeyCorp lifted their price objective on shares of Zebra Technologies from $305.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Finally, UBS Group restated a "buy" rating on shares of Zebra Technologies in a research note on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $388.15.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $321.38 on Wednesday. The stock has a 50 day moving average price of $363.37 and a 200 day moving average price of $283.17. Zebra Technologies has a 52 week low of $199.05 and a 52 week high of $392.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.36 and a current ratio of 0.57. The stock has a market capitalization of $15.31 billion, a PE ratio of 18.97 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, beating analysts' consensus estimates of $4.89 by $0.06. Zebra Technologies had a return on equity of 23.94% and a net margin of 9.80%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company earned $3.88 earnings per share. The business's revenue was up 22.3% compared to the same quarter last year. Analysts predict that Zebra Technologies will post 18.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zebra Technologies

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Zebra Technologies by 37.0% during the first quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company's stock worth $143,473,000 after purchasing an additional 185,387 shares during the period. Lazard Asset Management LLC raised its position in shares of Zebra Technologies by 3.4% in the first quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company's stock valued at $130,459,000 after purchasing an additional 20,567 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Zebra Technologies by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 613,319 shares of the industrial products company's stock valued at $228,958,000 after purchasing an additional 1,956 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Zebra Technologies by 111.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company's stock valued at $104,671,000 after purchasing an additional 264,015 shares during the period. Finally, Aberdeen Group plc lifted its stake in shares of Zebra Technologies by 8,890.2% during the 3rd quarter. Aberdeen Group plc now owns 388,019 shares of the industrial products company's stock worth $144,851,000 after buying an additional 383,703 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Company Profile

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations. The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.

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