Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $320.00 at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its target price boosted by Robert W. Baird from $290.00 to $320.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the industrial products company's stock.

Several other equities analysts have also issued reports on ZBRA. UBS Group dropped their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley raised their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Needham & Company LLC reduced their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Six research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $328.82.

Zebra Technologies Price Performance

Shares of ZBRA stock traded up $4.12 on Wednesday, reaching $295.36. The company had a trading volume of 299,468 shares, compared to its average volume of 468,699. The stock has a market capitalization of $15.02 billion, a PE ratio of 29.01 and a beta of 1.75. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business's 50-day moving average is $261.14 and its 200 day moving average is $326.33. Zebra Technologies has a one year low of $205.73 and a one year 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 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $2.84 earnings per share. The business's quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies will post 13.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Coldstream Capital Management Inc. boosted its holdings in 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 valued at $460,000 after purchasing an additional 72 shares during the period. Jones Financial Companies Lllp boosted its stake in Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares during the period. Allspring Global Investments Holdings LLC grew its position in Zebra Technologies by 47.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after buying an additional 67,742 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after acquiring an additional 89,765 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Zebra Technologies by 14.8% in the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock valued at $13,057,000 after acquiring an additional 4,347 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

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.