Zebra Technologies Co. (NASDAQ:ZBRA) Given Average Recommendation of "Moderate Buy" by Analysts
Shares of Zebra Technologies Co. (NASDAQ:ZBRA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $316.86.
ZBRA has been the subject of a number of analyst reports. Credit Suisse Group lowered their price target on Zebra Technologies from $295.00 to $275.00 and set an "outperform" rating for the company in a research report on Wednesday, August 2nd. Robert W. Baird lowered their price target on Zebra Technologies from $322.00 to $283.00 and set an "outperform" rating for the company in a research report on Wednesday, August 2nd. StockNews.com initiated coverage on Zebra Technologies in a research report on Thursday, August 17th. They issued a "hold" rating for the company. Wolfe Research upgraded Zebra Technologies from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, August 2nd. Finally, Morgan Stanley lowered their price target on Zebra Technologies from $295.00 to $260.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 2nd.
Read Our Latest Report on ZBRA
In other news, Director Frank Blaise Modruson acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $254.59 per share, for a total transaction of $254,590.00. Following the completion of the acquisition, the director now directly owns 13,834 shares of the company's stock, valued at approximately $3,521,998.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders acquired 3,000 shares of company stock worth $742,880. 1.06% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Zions Bancorporation N.A. grew its stake in Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 55 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Zebra Technologies in the first quarter valued at about $27,000. Silicon Valley Capital Partners purchased a new position in Zebra Technologies in the first quarter valued at about $29,000. Clear Street Markets LLC grew its stake in Zebra Technologies by 92.5% in the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 49 shares during the last quarter. Finally, Clearstead Trust LLC purchased a new position in Zebra Technologies in the second quarter valued at about $34,000. 85.46% of the stock is currently owned by institutional investors.
ZBRA stock opened at $268.39 on Monday. The firm has a fifty day moving average price of $282.75 and a 200 day moving average price of $287.48. Zebra Technologies has a fifty-two week low of $224.87 and a fifty-two week high of $351.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.99. The firm has a market cap of $13.78 billion, a PE ratio of 21.45 and a beta of 1.68.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $3.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.91 by $0.33. Zebra Technologies had a net margin of 11.82% and a return on equity of 27.44%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm posted $4.22 earnings per share. Zebra Technologies's revenue for the quarter was down 17.3% compared to the same quarter last year. Sell-side analysts anticipate that Zebra Technologies will post 10.14 earnings per share for the current fiscal year.
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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