Zebra Technologies (NASDAQ:ZBRA – Get Rating) had its price objective cut by research analysts at UBS Group from $510.00 to $495.00 in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. UBS Group’s target price suggests a potential upside of 49.23% from the company’s previous close.
Several other equities analysts also recently commented on the company. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 9th. Morgan Stanley raised Zebra Technologies from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $400.00 to $335.00 in a research report on Monday, May 23rd. Needham & Company LLC reduced their price target on Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Wednesday. TheStreet downgraded Zebra Technologies from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Finally, Stephens reduced their price target on Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating on the stock in a research report on Wednesday. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $453.33.
Zebra Technologies Price Performance
Zebra Technologies stock opened at $331.70 on Thursday. Zebra Technologies has a 12 month low of $283.72 and a 12 month high of $615.00. The stock’s 50 day moving average is $314.34 and its 200-day moving average is $377.20. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 25.63 and a beta of 1.64.
Zebra Technologies announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 17th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Institutional Investors Weigh In On Zebra Technologies
A number of large investors have recently modified their holdings of the business. Lindenwold Advisors boosted its holdings in shares of Zebra Technologies by 1.2% in the 2nd quarter. Lindenwold Advisors now owns 5,430 shares of the industrial products company’s stock valued at $1,596,000 after purchasing an additional 65 shares in the last quarter. MQS Management LLC lifted its stake in shares of Zebra Technologies by 154.5% in the 2nd quarter. MQS Management LLC now owns 1,634 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 992 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Zebra Technologies by 100.1% in the 2nd quarter. M&T Bank Corp now owns 9,401 shares of the industrial products company’s stock valued at $1,473,000 after acquiring an additional 4,704 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Zebra Technologies by 1,103.8% in the 2nd quarter. Bank of Nova Scotia now owns 79,357 shares of the industrial products company’s stock valued at $23,326,000 after acquiring an additional 72,765 shares during the last quarter. Finally, Nvwm LLC lifted its stake in shares of Zebra Technologies by 5.0% in the 2nd quarter. Nvwm LLC now owns 1,771 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 85.30% of the company’s stock.
About Zebra Technologies
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.
- Get a free copy of the StockNews.com research report on Zebra Technologies (ZBRA)
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