Zebra Technologies (NASDAQ:ZBRA) Stock Gets Price Target Trim from BNP Paribas Exane

Zebra Technologies (NASDAQ:ZBRA) had its target price reduced by BNP Paribas Exane from $460.00 to $455.00 in a report issued on Wednesday morning,Benzinga reports. BNP Paribas Exane currently has an outperform rating on the industrial products company’s stock.

Several other brokerages have also recently issued reports on ZBRA. Zacks Research cut shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings upgraded shares of Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Barclays boosted their target price on Zebra Technologies from $410.00 to $416.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. KeyCorp increased their price target on shares of Zebra Technologies from $305.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Cfra upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $388.67.

Zebra Technologies Trading Up 0.1%

Shares of Zebra Technologies stock traded up $0.38 during trading on Wednesday, reaching $322.02. The company’s stock had a trading volume of 777,440 shares, compared to its average volume of 528,588. The company has a quick ratio of 0.33, a current ratio of 0.52 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 firm’s 50-day moving average is $364.61 and its two-hundred day moving average is $282.38. The company 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 posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.89 by $0.06. Zebra Technologies had a net margin of 9.22% and a return on equity of 22.29%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $3.88 earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, sell-side analysts anticipate that Zebra Technologies will post 18.13 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Linda Connly sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $377.68, for a total value of $188,840.00. Following the transaction, the director directly owned 3,708 shares of the company’s stock, valued at approximately $1,400,437.44. The trade was a 11.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Institutional Trading of Zebra Technologies

Large investors have recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC raised its stake in Zebra Technologies by 7,450.0% during the third quarter. Provenance Wealth Advisors LLC now owns 151 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 149 shares in the last quarter. Heritage Family Offices LLP bought a new stake in shares of Zebra Technologies in the 3rd quarter worth about $71,000. Fulcrum Asset Management LLP purchased a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $79,000. Parkside Financial Bank & Trust lifted its holdings in shares of Zebra Technologies by 33.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 222 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 56 shares during the last quarter. Finally, Community Financial Services Group LLC increased its stake in Zebra Technologies by 57.0% during the third quarter. Community Financial Services Group LLC now owns 223 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

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.