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

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

Several other research analysts also recently issued reports on the company. Truist Financial lowered their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC lowered their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley upped 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. Barclays reduced their target price on 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, Citigroup reduced their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zebra Technologies has a consensus rating of "Moderate Buy" and an average target price of $328.82.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $0.21 during trading on Wednesday, hitting $291.24. 468,898 shares of the company's stock were exchanged, compared to its average volume of 467,026. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $14.81 billion, a PE ratio of 28.61 and a beta of 1.74. Zebra Technologies has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock's 50 day moving average price is $260.72 and its two-hundred day moving average price is $327.57.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping the consensus estimate 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 return on equity of 18.34% and a net margin of 10.60%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.84 earnings per share. Research analysts expect that Zebra Technologies will post 13.71 EPS for the current year.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. boosted its holdings in shares of Zebra Technologies by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after buying an additional 72 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after buying an additional 525 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Zebra Technologies by 47.4% during the 4th 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. lifted its holdings in shares of 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 purchasing an additional 89,765 shares in the last quarter. Finally, LPL Financial LLC lifted 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 worth $13,057,000 after purchasing an additional 4,347 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

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.