Zebra Technologies Corporation (NASDAQ:ZBRA) Stock Has Consensus Price Target of $388.15

Key Points

• Analysts rate Zebra Technologies a “Moderate Buy”: Of 16 analysts, 11 recommend buying and five rate it a hold; the average 12-month price target is $388.15.
• Quarterly results topped expectations: Zebra reported adjusted earnings of $4.95 per share versus estimates of $4.89, while revenue reached $1.61 billion and grew 22.3% year over year.
• Institutional investors own 91.03% of the company’s shares, and several funds reported increasing or initiating positions in the third quarter.

Zebra Technologies Corporation (NASDAQ:ZBRA - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $388.15.

A number of research analysts recently commented on ZBRA shares. UBS Group reaffirmed a "buy" rating on shares of Zebra Technologies in a report on Wednesday, August 5th. KeyCorp boosted their price objective on Zebra Technologies from $305.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Barclays boosted their price objective on Zebra Technologies from $416.00 to $432.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 4th. Citigroup decreased their price objective on Zebra Technologies from $400.00 to $398.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 4th. Finally, Needham & Company LLC raised their price objective on Zebra Technologies from $410.00 to $435.00 and gave the company a "buy" rating in a research note on Tuesday, September 15th.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Entropy Technologies LP bought a new stake in Zebra Technologies in the third quarter worth $6,547,000. Jump Financial LLC purchased a new position in Zebra Technologies during the third quarter worth $331,000. EP Wealth Advisors LLC purchased a new position in Zebra Technologies during the third quarter worth $1,361,000. Pathstone Holdings LLC increased its position in Zebra Technologies by 7.8% during the third quarter. Pathstone Holdings LLC now owns 6,633 shares of the industrial products company's stock valued at $2,476,000 after acquiring an additional 478 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Zebra Technologies by 943.5% during the third quarter. Empowered Funds LLC now owns 27,328 shares of the industrial products company's stock valued at $10,202,000 after acquiring an additional 24,709 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

Zebra Technologies stock traded up $6.17 during mid-day trading on Friday, reaching $324.00. 655,290 shares of the company's stock traded hands, compared to its average volume of 735,481. Zebra Technologies has a 12-month low of $199.05 and a 12-month high of $392.78. The company has a quick ratio of 0.36, a current ratio of 0.57 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $361.71 and a two-hundred day moving average of $284.41. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 26.15 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, topping analysts' consensus estimates of $4.89 by $0.06. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same period last year, the company posted $3.88 EPS. The business's revenue was up 22.3% on a year-over-year basis. Equities analysts forecast that Zebra Technologies will post 18.16 earnings per share for the current year.

About Zebra Technologies

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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