UBS Group Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $425.00

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price target decreased by equities researchers at UBS Group from $445.00 to $425.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. UBS Group's target price would indicate a potential upside of 36.63% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Barclays dropped their price target 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. Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. TD Cowen upped their price target 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. StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Morgan Stanley reduced their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $9.93 on Tuesday, reaching $311.05. The stock had a trading volume of 587,690 shares, compared to its average volume of 581,211. Zebra Technologies has a 1-year low of $266.75 and a 1-year high of $427.76. The company has a market capitalization of $16.04 billion, a P/E ratio of 30.56 and a beta of 1.63. 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 stock has a fifty day moving average price of $383.89 and a 200-day moving average price of $373.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Research analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Institutional Trading of Zebra Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. raised its position in Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock worth $1,704,000 after acquiring an additional 25 shares in the last quarter. WCM Investment Management LLC raised its position in Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock worth $3,502,000 after acquiring an additional 27 shares in the last quarter. Equitable Trust Co. raised its position in Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock worth $618,000 after acquiring an additional 27 shares in the last quarter. KPP Advisory Services LLC raised its position in Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock worth $461,000 after acquiring an additional 28 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after acquiring an additional 30 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

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.