Zebra Technologies (NASDAQ:ZBRA) Rating Increased to Outperform at BNP Paribas Exane

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) was upgraded by BNP Paribas Exane from a "neutral" rating to an "outperform" rating in a report issued on Thursday,Finviz reports. The firm presently has a $408.00 price objective on the industrial products company's stock. BNP Paribas Exane's target price suggests a potential upside of 26.79% from the company's previous close.

Several other research analysts have also issued reports on the company. Robert W. Baird increased their price target on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial dropped their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. UBS Group dropped their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup dropped 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. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $338.18.

Zebra Technologies Stock Down 0.4%

Shares of NASDAQ:ZBRA opened at $321.78 on Thursday. The business's 50 day simple moving average is $293.11 and its two-hundred day simple moving average is $310.92. The firm has a market cap of $16.36 billion, a P/E ratio of 30.44 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. Zebra Technologies has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for 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 company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 earnings per share. As a group, research analysts forecast that Zebra Technologies will post 13.71 EPS for the current fiscal year.

Institutional Trading of Zebra Technologies

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Zebra Technologies by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after acquiring an additional 32 shares during the period. Benjamin Edwards Inc. increased its position in Zebra Technologies by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock worth $251,000 after buying an additional 35 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Zebra Technologies by 1.9% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company's stock valued at $527,000 after buying an additional 35 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares during the period. Finally, GTS Securities LLC raised its stake in shares of Zebra Technologies by 5.0% in the fourth quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after buying an additional 38 shares during the period. 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.

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