Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $342.00

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price target raised by research analysts at Citigroup from $280.00 to $342.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. Citigroup's price objective points to a potential upside of 5.87% from the company's current price.

Other equities analysts have also recently issued research reports about the company. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Truist Financial decreased their target price 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. Morgan Stanley boosted their target price on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Needham & Company LLC reduced their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $350.82.

Zebra Technologies Price Performance

Shares of ZBRA stock traded down $4.09 during trading hours on Monday, reaching $323.05. The company had a trading volume of 247,200 shares, compared to its average volume of 592,554. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The stock has a fifty day moving average of $296.15 and a 200-day moving average of $308.83. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 30.61 and a beta of 1.75. Zebra Technologies has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.84 earnings per share. On average, equities analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its position in Zebra Technologies by 33.0% during 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 purchasing an additional 1,964 shares during the period. Coldstream Capital Management Inc. lifted its stake in Zebra Technologies by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after purchasing an additional 72 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Zebra Technologies by 1.9% in the first 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 last quarter. Asset Management One Co. Ltd. lifted its position in 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 valued at $6,024,000 after purchasing an additional 1,267 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Zebra Technologies by 14.8% in the fourth 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 during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.

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