Zebra Technologies Co. (NASDAQ:ZBRA) Receives $328.82 Average PT from Analysts

Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $328.82.

A number of research analysts recently weighed in on ZBRA shares. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Robert W. Baird boosted their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley boosted their price target 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.

Zebra Technologies Trading Down 2.2%

Shares of ZBRA traded down $6.74 during trading on Friday, reaching $292.82. 384,146 shares of the company traded hands, compared to its average volume of 469,719. Zebra Technologies has a twelve month low of $205.73 and a twelve month high of $427.76. The stock has a market cap of $14.89 billion, a PE ratio of 28.76 and a beta of 1.75. The stock has a 50-day simple moving average of $262.58 and a 200-day simple moving average of $324.59. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.84 earnings per share. On average, analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current year.

Institutional Trading of Zebra Technologies

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Zebra Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock worth $1,798,627,000 after buying an additional 104,940 shares during the last quarter. Invesco Ltd. lifted its position in shares of Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after buying an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Zebra Technologies by 7.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after buying an additional 86,766 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after buying an additional 30,496 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Zebra Technologies by 27.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after buying an additional 255,193 shares during the last quarter. Hedge funds and other institutional investors 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.