Zebra Technologies (NASDAQ:ZBRA) Given New $380.00 Price Target at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price target dropped by analysts at Robert W. Baird from $432.00 to $380.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's price objective would suggest a potential upside of 22.17% from the stock's current price.

Several other analysts also recently commented on ZBRA. TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective on the stock. Barclays decreased 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 note on Friday, February 14th. Truist Financial decreased their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded down $9.93 during trading hours on Tuesday, hitting $311.05. 587,690 shares of the company were exchanged, compared to its average volume of 581,211. The company's 50 day moving average price is $383.89 and its 200-day moving average price is $373.03. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 30.56 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies has a 52-week low of $266.75 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, research analysts forecast that Zebra Technologies will post 13.71 earnings per share for the current year.

Hedge Funds Weigh In On Zebra Technologies

A number of large investors have recently added to or reduced their stakes in ZBRA. Norges Bank acquired a new position in Zebra Technologies during the fourth quarter worth $201,420,000. FMR LLC raised its position in Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after acquiring an additional 499,736 shares during the period. Schroder Investment Management Group raised its position in shares of 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 buying an additional 379,491 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at about $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its position 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 buying an additional 322,475 shares during the last quarter. 91.03% of the stock is currently 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.