Needham analyst James Ricchiuti assigned a Buy rating to Zebra Tech (ZBRA) today and set a price target of $295.00. The company’s shares closed last Thursday at $262.01, close to its 52-week high of $278.60.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 14.5% and a 61.6% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.
Zebra Tech has an analyst consensus of Moderate Buy, with a price target consensus of $239.50.
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Zebra Tech’s market cap is currently $13.91B and has a P/E ratio of 27.00. The company has a Price to Book ratio of -11.88.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZBRA in relation to earlier this year.
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Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications. It also provides services such as maintenance, technical support, repair, managed and professional services, including cloud-based subscriptions. It operates through the following two segments: Asset Intelligence & Tracking (AIT) and Enterprise Visibility & Mobility (EVM). The AIT segment comprises of barcode and card printing, location solutions, supplies, and services. The EVM segment comprises of mobile computing, data capture, and RFID. The company was founded by Edward L. Kaplan and Gerhard Cless in 1969 and is headquartered in Lincolnshire, IL.
