Morgan Stanley Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $390.00

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its target price reduced by stock analysts at Morgan Stanley from $427.00 to $390.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the industrial products company's stock. Morgan Stanley's price target would suggest a potential upside of 17.80% from the stock's current price.

Several other research firms also recently commented on ZBRA. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Truist Financial increased their price objective on Zebra Technologies from $408.00 to $409.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Robert W. Baird upped their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. UBS Group increased their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Barclays boosted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Five equities research 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 company's stock. According to data from MarketBeat, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $381.42.

Zebra Technologies Stock Up 4.0 %

Shares of Zebra Technologies stock traded up $12.72 during trading on Friday, hitting $331.08. 1,150,108 shares of the stock traded hands, compared to its average volume of 582,099. The stock has a market cap of $17.08 billion, a P/E ratio of 45.04 and a beta of 1.63. The company has a fifty day moving average price of $388.62 and a two-hundred day moving average price of $373.68. Zebra Technologies has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Equities research analysts predict that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds have recently made changes to their positions in ZBRA. Cascade Investment Advisors Inc. raised its holdings in Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after acquiring an additional 25 shares in the last quarter. WCM Investment Management LLC increased its position in shares of 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 valued at $3,502,000 after purchasing an additional 27 shares during the period. Equitable Trust Co. raised its stake in shares of Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares in the last quarter. KPP Advisory Services LLC lifted its position in Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock worth $461,000 after purchasing an additional 28 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake 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 buying an additional 30 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

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.