Analysts Set Zebra Technologies Corporation (NASDAQ:ZBRA) Target Price at $331.20

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $331.20.

Several research firms recently weighed in on ZBRA. Needham & Company LLC reduced their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird boosted their price objective on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Citigroup decreased their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Morgan Stanley raised their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Finally, Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th.

Zebra Technologies Trading Up 1.1%

NASDAQ:ZBRA traded up $3.50 on Thursday, hitting $323.89. 257,488 shares of the stock were exchanged, compared to its average volume of 480,509. The stock has a fifty day moving average of $288.87 and a 200-day moving average of $312.30. The stock has a market cap of $16.47 billion, a PE ratio of 30.64 and a beta of 1.75. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. Zebra Technologies has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during 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 quarter in the prior year, the company earned $2.84 EPS. As a group, equities analysts expect that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

Institutional Trading of Zebra Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ZBRA. Norway Savings Bank grew its holdings in Zebra Technologies by 20.1% during the 2nd quarter. Norway Savings Bank now owns 3,960 shares of the industrial products company's stock worth $1,221,000 after acquiring an additional 662 shares in the last quarter. Kera Capital Partners Inc. bought a new position in shares of Zebra Technologies during the second quarter worth about $471,000. Private Client Services LLC acquired a new position in Zebra Technologies in the second quarter worth about $1,054,000. Swedbank AB grew its stake in Zebra Technologies by 12.2% in the first quarter. Swedbank AB now owns 33,123 shares of the industrial products company's stock worth $9,359,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Modern Wealth Management LLC grew its stake in Zebra Technologies by 5.9% in the first quarter. Modern Wealth Management LLC now owns 5,564 shares of the industrial products company's stock worth $1,572,000 after purchasing an additional 312 shares in the last quarter. 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.