Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Recommendation of “Hold” by Analysts

Shares of Zebra Technologies Co. (NASDAQ:ZBRAGet Free Report) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $312.27.

ZBRA has been the topic of several recent research reports. TD Cowen boosted their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Robert W. Baird boosted their price target on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. UBS Group lifted their price objective on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th.

View Our Latest Stock Report on ZBRA

Zebra Technologies Stock Down 1.6 %

ZBRA opened at $302.77 on Wednesday. The business’s 50-day simple moving average is $304.44 and its 200-day simple moving average is $276.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. Zebra Technologies has a one year low of $194.59 and a one year high of $328.70. The stock has a market capitalization of $15.57 billion, a P/E ratio of 60.07 and a beta of 1.70.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.59 EPS. Analysts anticipate that Zebra Technologies will post 10.76 EPS for the current year.

Insider Transactions at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its stake in Zebra Technologies by 210.3% in the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after buying an additional 82 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in Zebra Technologies in the 1st quarter valued at approximately $36,000. Harvest Fund Management Co. Ltd purchased a new stake in Zebra Technologies in the 4th quarter valued at approximately $44,000. Wellington Shields & Co. LLC purchased a new stake in Zebra Technologies in the 1st quarter valued at approximately $45,000. Finally, Cambridge Trust Co. lifted its stake in Zebra Technologies by 216.0% in the 1st quarter. Cambridge Trust Co. now owns 158 shares of the industrial products company’s stock valued at $48,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

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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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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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