Zebra Technologies (NASDAQ:ZBRA) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Zebra Technologies (NASDAQ:ZBRA) in a report published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $382.00 target price on the industrial products company’s stock.

Several other equities analysts have also issued reports on the stock. BNP Paribas Exane cut their price target on shares of Zebra Technologies from $460.00 to $455.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. Citigroup decreased their price objective on Zebra Technologies from $400.00 to $398.00 and set a “neutral” rating for the company in a report on Wednesday, November 4th. Wall Street Zen cut Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Weiss Ratings raised Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Finally, Truist Financial boosted their target price on Zebra Technologies from $355.00 to $378.00 and gave the stock a “hold” rating in a research note on Monday, October 5th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $388.15.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $327.44 on Wednesday. The company has a market capitalization of $15.60 billion, a PE ratio of 26.43 and a beta of 1.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.36 and a current ratio of 0.57. The company has a 50-day simple moving average of $363.04 and a two-hundred day simple moving average of $283.61. Zebra Technologies has a one year low of $199.05 and a one year high of $392.78.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.89 by $0.06. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $3.88 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Research analysts expect that Zebra Technologies will post 18.16 EPS for the current fiscal year.

Institutional Trading of Zebra Technologies

Several large investors have recently bought and sold shares of ZBRA. Advisors Asset Management Inc. acquired a new position in shares of Zebra Technologies in the 3rd quarter valued at $118,000. Private Wealth Asset Management LLC purchased a new stake in Zebra Technologies during the 3rd quarter valued at about $458,000. Private Advisor Group LLC increased its holdings in shares of Zebra Technologies by 47.3% in the third quarter. Private Advisor Group LLC now owns 2,109 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 677 shares during the period. Ieq Capital LLC acquired a new position in shares of Zebra Technologies in the third quarter valued at about $10,106,000. Finally, Focus Advisor Solutions LLC purchased a new position in shares of Zebra Technologies in the third quarter worth about $1,531,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations. The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.