Zebra Technologies (NASDAQ:ZBRA) Given Hold Rating at Truist Financial

Truist Financial reaffirmed their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a research report sent to investors on Wednesday morning, Benzinga reports. Truist Financial currently has a $345.00 target price on the industrial products company’s stock, up from their previous target price of $315.00.

Several other analysts have also issued reports on ZBRA. Barclays assumed coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price target on the stock. Needham & Company LLC raised their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a buy rating in a research report on Wednesday. Wolfe Research upgraded shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a research report on Monday, April 8th. StockNews.com upgraded shares of Zebra Technologies from a sell rating to a hold rating in a research report on Thursday, May 2nd. Finally, BNP Paribas upgraded shares of Zebra Technologies from an underperform rating to a neutral rating and lifted their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $349.64.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $322.30 on Wednesday. The company has a market capitalization of $16.57 billion, a PE ratio of 63.95 and a beta of 1.65. Zebra Technologies has a one year low of $194.59 and a one year high of $372.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56. The company’s fifty day moving average price is $315.85 and its 200 day moving average price is $295.52.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $3.24 EPS. As a group, analysts expect that Zebra Technologies will post 10.79 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

Large investors have recently modified their holdings of the stock. Norden Group LLC acquired a new position in shares of Zebra Technologies during the first quarter worth approximately $2,108,000. SG Americas Securities LLC lifted its holdings in Zebra Technologies by 105.5% in the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock valued at $4,612,000 after buying an additional 7,853 shares during the period. Pinebridge Investments L.P. lifted its holdings in Zebra Technologies by 72.0% in the fourth quarter. Pinebridge Investments L.P. now owns 21,569 shares of the industrial products company’s stock valued at $5,896,000 after buying an additional 9,032 shares during the period. Okabena Investment Services Inc. lifted its holdings in Zebra Technologies by 6,195.6% in the fourth quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company’s stock valued at $774,000 after buying an additional 2,788 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in Zebra Technologies in the first quarter valued at approximately $1,272,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

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.