Citigroup Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $250.00

Zebra Technologies (NASDAQ:ZBRA) had its price target cut by equities research analysts at Citigroup from $371.00 to $250.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price target indicates a potential upside of 9.60% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Barclays decreased their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.36.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $228.11 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The business’s fifty day moving average price is $287.30 and its two-hundred day moving average price is $354.55. The stock has a market cap of $11.72 billion, a PE ratio of 22.41 and a beta of 1.76. Zebra Technologies has a one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. On average, analysts forecast that Zebra Technologies will post 13.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zebra Technologies

Large investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its position in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after buying an additional 36 shares during the last quarter. Investment Management Corp VA ADV purchased a new position in Zebra Technologies in the fourth quarter valued at about $27,000. Sierra Ocean LLC purchased a new position in Zebra Technologies in the fourth quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies during the 4th quarter worth approximately $31,000. Finally, Avalon Trust Co acquired a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $35,000. 91.03% of the stock is owned by institutional investors and hedge funds.

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 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.