Morgan Stanley Issues Positive Forecast for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its price target boosted by Morgan Stanley from $400.00 to $427.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company's stock.

ZBRA has been the topic of several other reports. StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Truist Financial reissued a "hold" rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, Robert W. Baird upped their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and an average price target of $396.27.

Zebra Technologies Stock Down 2.9 %

Shares of NASDAQ ZBRA traded down $11.90 during midday trading on Tuesday, reaching $395.00. The company's stock had a trading volume of 366,640 shares, compared to its average volume of 357,933. The stock has a 50 day simple moving average of $389.46 and a 200-day simple moving average of $350.98. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 55.63 and a beta of 1.63. Zebra Technologies has a fifty-two week low of $233.95 and a fifty-two week high of $413.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The business's quarterly revenue was up 31.3% compared to the same quarter last year. Equities research analysts predict that Zebra Technologies will post 12.4 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of Zebra Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Concord Wealth Partners bought a new stake in shares of Zebra Technologies in the third quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies in the second quarter worth approximately $27,000. Farmers & Merchants Investments Inc. boosted its holdings in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in Zebra Technologies in the second quarter valued at approximately $32,000. Finally, Blue Trust Inc. raised its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.03% 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 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.