Zebra Technologies Corp. (NASDAQ:ZBRA) has been given an average rating of “Buy” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $114.88.

ZBRA has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $125.00 target price on shares of Zebra Technologies in a research note on Friday, November 10th. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Thursday, November 2nd. Northcoast Research raised Zebra Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th.

Shares of Zebra Technologies (NASDAQ:ZBRA) traded up $1.38 during trading on Friday, reaching $114.92. The company’s stock had a trading volume of 410,700 shares, compared to its average volume of 318,964. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01. The company has a market cap of $6,112.48, a P/E ratio of 194.78, a P/E/G ratio of 2.06 and a beta of 1.67. Zebra Technologies has a 52-week low of $84.32 and a 52-week high of $126.49.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. equities research analysts predict that Zebra Technologies will post 6.37 earnings per share for the current year.

In other news, SVP Michael Cho sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total transaction of $110,150.00. Following the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at approximately $1,148,423.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Greenleaf Trust grew its holdings in shares of Zebra Technologies by 98.0% in the 4th quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 495 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Zebra Technologies by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 13 shares during the last quarter. Zions Bancorporation acquired a new position in shares of Zebra Technologies in the 3rd quarter worth $180,000. ARP Americas LLC acquired a new position in shares of Zebra Technologies in the 3rd quarter worth $202,000. Finally, Stifel Financial Corp acquired a new position in shares of Zebra Technologies in the 3rd quarter worth $239,000. Institutional investors and hedge funds own 89.51% of the company’s stock.

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About Zebra Technologies

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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