Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Rating of "Moderate Buy" by Analysts – MarketBeat

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Shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) have been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $453.33.
ZBRA has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Zebra Technologies from $510.00 to $495.00 and set a “buy” rating for the company in a report on Thursday, August 4th. TheStreet lowered shares of Zebra Technologies from a “b-” rating to a “c+” rating in a report on Monday, June 27th. Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $400.00 to $335.00 in a report on Monday, May 23rd. Needham & Company LLC reduced their price target on shares of Zebra Technologies from $500.00 to $450.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Finally, Robert W. Baird reduced their price target on shares of Zebra Technologies from $550.00 to $440.00 in a report on Wednesday, May 4th.

Insider Transactions at Zebra Technologies

In other news, insider Stephen Edgar Williams sold 2,331 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $328.50, for a total value of $765,733.50. Following the transaction, the insider now owns 1,976 shares of the company’s stock, valued at approximately $649,116. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd grew its position in Zebra Technologies by 58.8% during the 4th quarter. Qube Research & Technologies Ltd now owns 73,303 shares of the industrial products company’s stock worth $43,630,000 after purchasing an additional 27,148 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Zebra Technologies by 6.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,474 shares of the industrial products company’s stock valued at $1,473,000 after acquiring an additional 149 shares during the period. Envestnet Asset Management Inc. lifted its stake in Zebra Technologies by 10.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 142,419 shares of the industrial products company’s stock valued at $84,768,000 after acquiring an additional 13,402 shares during the period. Modera Wealth Management LLC acquired a new stake in Zebra Technologies during the 4th quarter valued at approximately $383,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Zebra Technologies by 16.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,271 shares of the industrial products company’s stock valued at $14,756,000 after acquiring an additional 3,575 shares during the period. Hedge funds and other institutional investors own 85.30% of the company’s stock.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $340.45 on Thursday. The firm has a 50-day moving average price of $314.28 and a 200-day moving average price of $367.78. The firm has a market capitalization of $17.63 billion, a PE ratio of 26.31 and a beta of 1.64. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.80. Zebra Technologies has a 12-month low of $283.72 and a 12-month high of $615.00.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last released its earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.68. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $4.17 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that Zebra Technologies will post 17.23 EPS for the current year.
Zebra Technologies declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 17th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are 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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