Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Recommendation of "Hold" by Brokerages

Shares of Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) have received an average recommendation of "Hold" from the twelve ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $278.64.

Several equities analysts have recently weighed in on the company. StockNews.com cut Zebra Technologies from a "hold" rating to a "sell" rating in a research report on Friday, February 16th. Truist Financial assumed coverage on Zebra Technologies in a research note on Thursday, March 14th. They set a "hold" rating and a $300.00 price objective for the company. Wolfe Research raised Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 price objective for the company in a research note on Monday. Finally, Barclays assumed coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an "equal weight" rating and a $292.00 price objective for the company.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O'sullivan sold 135 shares of Zebra Technologies stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company's stock, valued at $1,548,492.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company's stock.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation N.A. lifted its stake in shares of Zebra Technologies by 1,100.0% in the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 55 shares during the last quarter. Clear Street Markets LLC lifted its stake in shares of Zebra Technologies by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 49 shares during the last quarter. Garner Asset Management Corp purchased a new position in Zebra Technologies during the 4th quarter valued at about $33,000. Benjamin Edwards Inc. increased its holdings in Zebra Technologies by 130.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 69 shares during the period. Finally, O Dell Group LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $37,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Up 3.1 %

Shares of ZBRA stock traded up $9.30 during trading hours on Tuesday, reaching $306.17. The company had a trading volume of 364,529 shares, compared to its average volume of 389,303. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 53.62 and a beta of 1.79. The business has a fifty day simple moving average of $277.17 and a 200-day simple moving average of $249.64. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $320.55.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm's quarterly revenue was down 32.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 earnings per share. On average, research analysts expect that Zebra Technologies will post 9.76 earnings per share 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.