UBS Group Lowers Zebra Technologies (NASDAQ:ZBRA) Price Target to $495.00

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

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

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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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