Zebra Technologies Corporation (ZBRA): Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Zebra Technologies Corporation (ZBRA), headquartered in Lincolnshire, Illinois, is a leading player in the communication equipment industry, within the broader technology sector. Established in 1969, Zebra is renowned for its enterprise asset intelligence solutions, particularly in automatic identification and data capture technologies. The company operates primarily through two segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. Its diverse product portfolio includes label, wristband, and RFID printers, barcode scanners, and mobile computing devices, serving key sectors like retail, healthcare, and logistics. With a focus on enhancing operational efficiency, Zebra aims to leverage advanced technologies to drive growth and innovation.
Financial Performance and Stock Analysis
Zebra Technologies has demonstrated solid financial performance, reporting total revenues of approximately $4.36 billion. This robust figure reflects the company’s stability and competitive standing in the industry. Currently, the stock is priced at $366.76, with analysts projecting a target high price of $410.00, suggesting notable upside potential for investors. The mean target price is slightly higher than the current price at $369.14, indicating a modest appreciation forecast. Additionally, a comprehensive financial analysis reveals a range of target prices: a low of $290.00 and a high of $410.00, with a median target at $377.50, affirming a favorable sentiment towards the stock. The recommendation consensus among 14 analysts is categorized as a “buy,” with a mean recommendation score of 2.3, highlighting strong professional confidence in its future performance.
Market Dynamics and Investor Sentiment
As of now, Zebra Technologies has 51,580,400 shares outstanding, with a short interest of 628,240 shares, representing approximately 1.39% of its float. This relatively low short interest indicates a stable investor sentiment, suggesting ample market liquidity. The current stock price remains below its 52-week high of $372.93 but is significantly above its low of $194.59, reinforcing the stock’s growth potential. Additionally, the fifty-day moving average stands at $335.46, with the current price exceeding this average, illustrating a positive momentum in the asset’s performance. Overall, these indicators portray Zebra Technologies as a compelling investment opportunity with promising growth prospects within the evolving technology landscape.
| Metric | Value |
|---|---|
| Market Cap | $18.9b |
| Total Debt | $2.4b |
| Total Cash | $411.0m |
| Shares Outstanding | 51.6m |
| Float Shares | 51.2m |
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