Zebra Technologies (NASDAQ:ZBRA) Price Target Cut to $379.00 by Analysts at Truist Financial

Zebra Technologies (NASDAQ:ZBRA) had its price target decreased by Truist Financial from $409.00 to $379.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the industrial products company’s stock.

Other analysts also recently issued reports about the company. UBS Group raised their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday. Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Needham & Company LLC cut their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday. Finally, Robert W. Baird raised their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $386.00.

Zebra Technologies Trading Down 1.6 %

Shares of ZBRA stock opened at $318.36 on Friday. The stock’s fifty day moving average is $390.48 and its two-hundred day moving average is $373.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $16.42 billion, a P/E ratio of 43.31 and a beta of 1.63. Zebra Technologies has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Research analysts expect that Zebra Technologies will post 11.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zebra Technologies

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Zebra Technologies during the fourth quarter worth about $201,420,000. FMR LLC boosted its holdings in Zebra Technologies by 181.1% in the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock valued at $299,585,000 after purchasing an additional 499,736 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock valued at $153,188,000 after acquiring an additional 322,475 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.