Jefferies Financial Group Begins Coverage on Zebra Technologies (NASDAQ:ZBRA)

Equities research analysts at Jefferies Financial Group started coverage on shares of Zebra Technologies (NASDAQ:ZBRA) in a research note issued to investors on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $382.00 price target on the industrial products company’s stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 18.86% from the company’s previous close.

Other research analysts have also issued reports about the company. Barclays upped their price objective on Zebra Technologies from $416.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Weiss Ratings raised Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Needham & Company LLC lifted their target price on Zebra Technologies from $410.00 to $435.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. TD Cowen boosted their target price on shares of Zebra Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, KeyCorp upped their price target on shares of Zebra Technologies from $305.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $388.15.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $321.38 on Wednesday. Zebra Technologies has a 12 month low of $199.05 and a 12 month high of $392.78. The stock’s 50 day moving average is $363.37 and its 200-day moving average is $283.17. The company has a current ratio of 0.57, a quick ratio of 0.36 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 18.97 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.89 by $0.06. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Zebra Technologies had a return on equity of 23.94% and a net margin of 9.80%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.88 earnings per share. Equities research analysts expect that Zebra Technologies will post 18.13 EPS for the current year.

Institutional Investors Weigh In On Zebra Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Provenance Wealth Advisors LLC grew its position 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 worth $56,000 after buying an additional 149 shares in the last quarter. Heritage Family Offices LLP bought a new position in Zebra Technologies during the 3rd quarter worth $71,000. Fulcrum Asset Management LLP acquired a new position in Zebra Technologies in the 3rd quarter valued at $79,000. Parkside Financial Bank & Trust raised its holdings in 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 in the last quarter. Finally, Community Financial Services Group LLC raised its holdings in Zebra Technologies by 57.0% in the 3rd quarter. Community Financial Services Group LLC now owns 223 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 81 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.