Needham & Company LLC Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $450.00

Zebra Technologies (NASDAQ:ZBRAGet Rating) had its target price reduced by Needham & Company LLC from $500.00 to $450.00 in a research report released on Wednesday, The Fly reports. Needham & Company LLC currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of Zebra Technologies from a buy rating to a hold rating in a research report on Thursday, June 9th. Stephens decreased their target price on shares of Zebra Technologies from $600.00 to $500.00 and set an overweight rating on the stock in a research report on Wednesday. TheStreet lowered shares of Zebra Technologies from a b- rating to a c+ rating in a research report on Monday, June 27th. UBS Group decreased their target price on shares of Zebra Technologies to $540.00 in a research report on Friday, June 3rd. Finally, Morgan Stanley upgraded shares of Zebra Technologies from an underweight rating to an equal weight rating and decreased their target price for the stock from $400.00 to $335.00 in a research report on Monday, May 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $453.33.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $331.70 on Wednesday. The firm’s fifty day moving average price is $314.34 and its 200 day moving average price is $377.20. Zebra Technologies has a 1-year low of $283.72 and a 1-year high of $615.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.61. The firm has a market cap of $17.42 billion, a price-to-earnings ratio of 25.63 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.93 by $0.68. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm posted $4.17 EPS. Zebra Technologies’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that Zebra Technologies will post 17.76 EPS for the current year.

Zebra Technologies declared that its board has initiated a stock repurchase program on Tuesday, May 17th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. KRS Capital Management LLC acquired a new position in shares of Zebra Technologies during the 4th quarter worth $29,000. Zions Bancorporation N.A. raised its stake in shares of Zebra Technologies by 1,100.0% during the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after buying an additional 55 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Zebra Technologies by 58.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 25 shares during the last quarter. Janiczek Wealth Management LLC acquired a new position in Zebra Technologies in the 2nd quarter valued at about $25,000. Finally, O Dell Group LLC acquired a new position in Zebra Technologies in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 85.30% of the company’s stock.

Zebra Technologies Company Profile

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Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.

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