Zebra Technologies (NASDAQ:ZBRA) Upgraded 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 research note issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a $408.00 target price on the industrial products company's stock. BNP Paribas Exane's target price suggests a potential upside of 24.72% from the stock's current price.

Several other brokerages have also commented on ZBRA. Needham & Company LLC cut their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Barclays cut their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Truist Financial cut their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. UBS Group cut their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $338.18.

Zebra Technologies Stock Down 1.0%

Shares of ZBRA traded down $3.21 during midday trading on Thursday, reaching $327.14. The stock had a trading volume of 417,524 shares, compared to its average volume of 483,488. Zebra Technologies has a 1-year low of $205.73 and a 1-year high of $427.76. The company's fifty day simple moving average is $296.15 and its two-hundred day simple moving average is $308.83. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 30.95 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $2.84 EPS. The company's revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Zebra Technologies will post 13.71 earnings per share for the current year.

Institutional Trading of Zebra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Zebra Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock valued at $1,798,627,000 after acquiring an additional 104,940 shares in the last quarter. Invesco Ltd. boosted its holdings in Zebra Technologies by 1.5% during the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after buying an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after buying an additional 86,766 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after buying an additional 30,496 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after buying an additional 255,193 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

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.