Zebra Technologies (NASDAQ:ZBRA) Price Target Cut to $232.00 by Analysts at Morgan Stanley

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price objective dropped by stock analysts at Morgan Stanley from $390.00 to $232.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the industrial products company's stock. Morgan Stanley's price target points to a potential upside of 2.91% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Barclays dropped their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. UBS Group reduced their target price on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Needham & Company LLC decreased their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $359.73.

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Zebra Technologies Trading Up 0.9 %

Shares of Zebra Technologies stock traded up $2.07 during trading on Tuesday, reaching $225.44. 1,103,897 shares of the stock were exchanged, compared to its average volume of 425,926. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 22.15 and a beta of 1.76. Zebra Technologies has a 1 year low of $205.73 and a 1 year high of $427.76. The stock's fifty day moving average is $293.40 and its 200 day moving average is $356.49.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, equities research analysts expect that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. LVM Capital Management Ltd. MI purchased a new position in Zebra Technologies during the fourth quarter valued at $643,000. Jones Financial Companies Lllp lifted its position in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Zebra Technologies during the 4th quarter valued at approximately $695,000. Allspring Global Investments Holdings LLC increased its holdings in Zebra Technologies by 47.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after acquiring an additional 67,742 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after acquiring an additional 89,765 shares during the period. Hedge funds and other institutional investors 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.