Zebra Technologies (NASDAQ:ZBRA) Lifted to Outperform at Wolfe Research

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) was upgraded by research analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research note issued on Monday, Marketbeat Ratings reports. The brokerage presently has a $337.00 price target on the industrial products company's stock. Wolfe Research's price objective would suggest a potential upside of 13.52% from the company's previous close.

Several other analysts also recently commented on ZBRA. Truist Financial started coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They issued a "hold" rating and a $300.00 price objective on the stock. Barclays assumed coverage on Zebra Technologies in a report on Tuesday, April 2nd. They issued an "equal weight" rating and a $292.00 target price for the company. Finally, StockNews.com cut Zebra Technologies from a "hold" rating to a "sell" rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of "Hold" and an average price target of $278.64.

Zebra Technologies Trading Up 2.2 %

Zebra Technologies stock traded up $6.49 during mid-day trading on Monday, hitting $296.87. The company's stock had a trading volume of 232,849 shares, compared to its average volume of 389,674. The company has a 50 day moving average of $277.17 and a 200-day moving average of $249.64. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The stock has a market cap of $15.25 billion, a PE ratio of 51.99 and a beta of 1.79. Zebra Technologies has a one year low of $194.59 and a one year high of $320.55.

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

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O'sullivan sold 135 shares of Zebra Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Several institutional investors have recently added to or reduced their stakes in ZBRA. Zions Bancorporation N.A. grew its holdings in shares of Zebra Technologies by 1,100.0% during the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company's stock worth $25,000 after purchasing an additional 55 shares during the last quarter. Clear Street Markets LLC grew its stake in Zebra Technologies by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company's stock worth $32,000 after buying an additional 49 shares during the last quarter. Garner Asset Management Corp acquired a new position in Zebra Technologies during the fourth quarter worth approximately $33,000. Benjamin Edwards Inc. lifted its stake in Zebra Technologies by 130.2% in the second quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company's stock valued at $36,000 after buying an additional 69 shares during the last quarter. Finally, O Dell Group LLC purchased a new position in shares of Zebra Technologies during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Company Profile

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.