Robert W. Baird Increases Zebra Technologies (NASDAQ:ZBRA) Price Target to $367.00

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price target increased by equities research analysts at Robert W. Baird from $320.00 to $367.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's price target suggests a potential upside of 13.68% from the company's current price.

Several other research analysts have also weighed in on the stock. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research note on Thursday. Citigroup cut their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Finally, Morgan Stanley upped their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $350.82.

Zebra Technologies Trading Down 1.3%

Shares of ZBRA traded down $4.31 during midday trading on Monday, hitting $322.83. The stock had a trading volume of 378,691 shares, compared to its average volume of 593,617. Zebra Technologies has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business has a 50-day simple moving average of $296.15 and a two-hundred day simple moving average of $308.83. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The firm has a market cap of $16.42 billion, a P/E ratio of 30.54 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.84 EPS. As a group, equities analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Institutional Trading of Zebra Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in Zebra Technologies by 33.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after purchasing an additional 1,964 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after purchasing an additional 72 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Zebra Technologies by 1.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after buying an additional 66 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after acquiring an additional 1,267 shares during the period. Finally, LPL Financial LLC raised its position in Zebra Technologies by 14.8% in the fourth quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock worth $13,057,000 after purchasing an additional 4,347 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

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.