Truist Financial Reiterates “Hold” Rating for Zebra Technologies (NASDAQ:ZBRA)

Zebra Technologies (NASDAQ:ZBRA)‘s stock had its “hold” rating restated by analysts at Truist Financial in a report released on Wednesday, Benzinga reports. They presently have a $345.00 price target on the industrial products company’s stock, up from their previous price target of $315.00. Truist Financial’s price objective suggests a potential downside of 3.21% from the stock’s current price.

A number of other research firms also recently commented on ZBRA. Barclays initiated coverage on Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective on the stock. Stephens boosted their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. TD Cowen boosted their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Vertical Research initiated coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and an average target price of $332.17.

Zebra Technologies Stock Up 2.4 %

NASDAQ:ZBRA traded up $8.33 during mid-day trading on Wednesday, hitting $356.45. The stock had a trading volume of 136,400 shares, compared to its average volume of 356,501. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $372.93. The stock has a 50-day simple moving average of $315.09 and a two-hundred day simple moving average of $293.91. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $18.33 billion, a PE ratio of 70.85 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $3.24 EPS. On average, equities research analysts anticipate that Zebra Technologies will post 10.76 EPS for the current year.

Insiders Place Their Bets

In other news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by insiders.

Institutional Trading of Zebra Technologies

A number of institutional investors have recently modified their holdings of ZBRA. DAVENPORT & Co LLC lifted its holdings in Zebra Technologies by 607.5% in the fourth quarter. DAVENPORT & Co LLC now owns 6,346 shares of the industrial products company’s stock valued at $1,746,000 after acquiring an additional 5,449 shares during the period. Integrated Investment Consultants LLC lifted its stake in shares of Zebra Technologies by 53.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 1,835 shares of the industrial products company’s stock valued at $502,000 after purchasing an additional 642 shares during the period. Arizona State Retirement System boosted its holdings in Zebra Technologies by 0.6% during the fourth quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock worth $3,857,000 after buying an additional 79 shares in the last quarter. Boston Trust Walden Corp grew its position in Zebra Technologies by 0.4% during the fourth quarter. Boston Trust Walden Corp now owns 153,796 shares of the industrial products company’s stock worth $42,037,000 after buying an additional 586 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Zebra Technologies by 22,943.7% in the fourth quarter. International Assets Investment Management LLC now owns 74,892 shares of the industrial products company’s stock valued at $20,470,000 after buying an additional 74,567 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

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.