Zebra Technologies (NASDAQ:ZBRA) Stock Rating Upgraded by BNP Paribas

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) was upgraded by analysts at BNP Paribas from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

ZBRA has been the subject of several other reports. UBS Group lowered their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley upped their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Truist Financial lowered their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company 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. Finally, Robert W. Baird upped their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and a consensus price target of $338.18.

Zebra Technologies Stock Down 1.0%

Shares of NASDAQ:ZBRA traded down $3.21 during trading on Thursday, hitting $327.14. The company's stock had a trading volume of 417,524 shares, compared to its average volume of 483,058. 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 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 $296.15 and its two-hundred day moving average price is $310.03. The company has a market capitalization of $16.64 billion, a PE ratio of 30.95 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly 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. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $2.84 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that Zebra Technologies will post 13.71 EPS for the current year.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of 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 buying an additional 32 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Zebra Technologies by 5.7% during 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 period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Zebra Technologies by 1.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company's stock worth $527,000 after buying an additional 35 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after buying an additional 36 shares during the period. Finally, GTS Securities LLC lifted its position in Zebra Technologies by 5.0% in the fourth quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock worth $307,000 after purchasing an additional 38 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.