Zebra Technologies Co. (NASDAQ:ZBRA) Receives $401.25 Consensus Price Target from Brokerages

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $401.25.

A number of research firms recently issued reports on ZBRA. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Robert W. Baird upped their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. UBS Group lifted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their price objective on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th.

Zebra Technologies Stock Down 3.5 %

Shares of NASDAQ:ZBRA opened at $363.44 on Monday. Zebra Technologies has a 1 year low of $243.49 and a 1 year high of $427.76. The company has a market capitalization of $18.75 billion, a PE ratio of 49.45 and a beta of 1.63. The business has a fifty day moving average price of $397.18 and a two-hundred day moving average price of $373.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Institutional Trading of Zebra Technologies

A number of large investors have recently modified their holdings of ZBRA. Sequoia Financial Advisors LLC bought a new stake in Zebra Technologies during the third quarter worth about $247,000. Point72 DIFC Ltd bought a new stake in Zebra Technologies in the 3rd quarter worth approximately $2,113,000. LVM Capital Management Ltd. MI purchased a new stake in Zebra Technologies in the fourth quarter worth approximately $643,000. Versor Investments LP bought a new position in Zebra Technologies during the third quarter valued at approximately $1,752,000. Finally, Cerity Partners LLC raised its stake in shares of Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

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.