Zebra Technologies Corporation (NASDAQ:ZBRA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $331.20.

Several brokerages recently issued reports on ZBRA. Robert W. Baird boosted their price target on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their price target on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Barclays dropped their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Citigroup dropped their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group cut their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $3.50 during trading hours on Thursday, reaching $323.89. The stock had a trading volume of 257,488 shares, compared to its average volume of 481,452. The firm has a market cap of $16.47 billion, a price-to-earnings 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. The firm has a 50-day moving average of $288.87 and a 200-day moving average of $311.81.

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 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 return on equity of 18.77% and a net margin of 10.73%. The business's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 EPS. Equities research analysts predict that Zebra Technologies will post 13.71 earnings per share for the current year.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Zebra Technologies by 33.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after acquiring an additional 1,964 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Zebra Technologies by 6.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after acquiring an additional 72 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Zebra Technologies by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after acquiring an additional 66 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Zebra Technologies by 334.4% in the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after acquiring an additional 525 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Zebra Technologies by 6.3% in 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. 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.