Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $432.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective increased by Barclays from $416.00 to $432.00 in a research note published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the industrial products company’s stock.

Several other research analysts also recently commented on the company. Citigroup reissued a “buy” rating on shares of Zebra Technologies in a research note on Monday, October 12th. Morgan Stanley raised their price target on shares of Zebra Technologies from $360.00 to $380.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Zebra Technologies in a report on Wednesday, August 5th. KeyCorp upped their price objective on shares of Zebra Technologies from $305.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Wolfe Research reissued an “outperform” rating and issued a $317.00 price objective on shares of Zebra Technologies in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $388.67.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $0.38 on Wednesday, hitting $322.02. 777,440 shares of the company’s stock were exchanged, compared to its average volume of 528,588. The stock has a 50-day moving average of $364.61 and a 200-day moving average of $282.38. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. Zebra Technologies has a 52 week low of $199.05 and a 52 week high of $392.78. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 25.99 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $0.06. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the company posted $3.88 EPS. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. Analysts expect that Zebra Technologies will post 18.13 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Linda Connly sold 500 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $377.68, for a total value of $188,840.00. Following the completion of the transaction, the director directly owned 3,708 shares in the company, valued at approximately $1,400,437.44. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Zebra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ZBRA. Aberdeen Group plc raised its stake in shares of Zebra Technologies by 8,890.2% during the third quarter. Aberdeen Group plc now owns 388,019 shares of the industrial products company’s stock valued at $144,851,000 after acquiring an additional 383,703 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Zebra Technologies by 172.9% in the third quarter. Fifth Third Bancorp now owns 24,522 shares of the industrial products company’s stock worth $9,154,000 after purchasing an additional 15,537 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Zebra Technologies by 11.5% in the third quarter. Maryland State Retirement & Pension System now owns 2,959 shares of the industrial products company’s stock worth $1,105,000 after purchasing an additional 305 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Zebra Technologies in the third quarter valued at $1,470,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Zebra Technologies in the third quarter valued at $279,000. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Company Profile

Zebra Technologies Corp. (NASDAQ: ZBRA) develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company’s portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.