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

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) was upgraded by analysts at BNP Paribas Exane from a "neutral" rating to an "outperform" rating in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a $408.00 price target on the industrial products company's stock. BNP Paribas Exane's price objective suggests a potential upside of 23.51% from the company's previous close.

ZBRA has been the topic of a number of other reports. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Citigroup decreased their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays dropped their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird increased their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Truist Financial reduced their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $338.18.

Zebra Technologies Trading Up 2.7%

Shares of NASDAQ ZBRA traded up $8.57 during trading on Thursday, hitting $330.35. 477,566 shares of the company were exchanged, compared to its average volume of 482,829. The company has a fifty day moving average price of $293.11 and a 200-day moving average price of $310.92. 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 firm has a market capitalization of $16.80 billion, a PE ratio of 31.25 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 posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $2.84 earnings per share. The company's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Zebra Technologies will post 13.71 EPS for the current year.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Zebra Technologies by 49.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,860 shares of the industrial products company's stock valued at $3,839,000 after buying an additional 3,948 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Zebra Technologies by 1.6% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 18,900 shares of the industrial products company's stock worth $5,828,000 after acquiring an additional 300 shares in the last quarter. Swedbank AB increased its holdings in shares of Zebra Technologies by 10.8% in the 2nd quarter. Swedbank AB now owns 36,701 shares of the industrial products company's stock valued at $11,317,000 after acquiring an additional 3,578 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Zebra Technologies by 3.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,463 shares of the industrial products company's stock worth $1,993,000 after acquiring an additional 212 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in Zebra Technologies by 53.0% during the second quarter. Pallas Capital Advisors LLC now owns 3,105 shares of the industrial products company's stock worth $957,000 after purchasing an additional 1,076 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other 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.