Zebra Technologies Co. (NASDAQ:ZBRA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages – MarketBeat

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Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $502.50.
A number of research firms have commented on ZBRA. Robert W. Baird reduced their target price on Zebra Technologies from $550.00 to $440.00 in a report on Wednesday, May 4th. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $400.00 to $335.00 in a report on Monday, May 23rd. UBS Group lowered their price target on Zebra Technologies to $540.00 in a report on Friday, June 3rd. Needham & Company LLC decreased their target price on Zebra Technologies from $535.00 to $500.00 in a report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. raised Zebra Technologies from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $530.00 to $500.00 in a research report on Monday, April 4th.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds have recently modified their holdings of the stock. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Zebra Technologies during the 4th quarter valued at about $25,000. KRS Capital Management LLC bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $29,000. McDonald Partners LLC bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $32,000. Zions Bancorporation N.A. lifted its position in shares of Zebra Technologies by 1,100.0% during the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after buying an additional 55 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Zebra Technologies by 58.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock worth $40,000 after buying an additional 25 shares during the period. 85.30% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $326.68 on Friday. The firm has a market capitalization of $17.15 billion, a P/E ratio of 21.58 and a beta of 1.61. Zebra Technologies has a 52 week low of $283.72 and a 52 week high of $615.00. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $313.20 and its two-hundred day moving average is $390.07.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its earnings results on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.48 by $0.28. Zebra Technologies had a net margin of 14.25% and a return on equity of 31.20%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the firm posted $4.47 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts forecast that Zebra Technologies will post 17.82 EPS for the current fiscal year.
Zebra Technologies announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 17th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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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