Zebra Technologies (NASDAQ:ZBRA) Price Target Cut to $326.00 by Analysts at Barclays

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its price objective cut by Barclays from $407.00 to $326.00 in a report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the industrial products company's stock.

A number of other research analysts have also recently commented on ZBRA. UBS Group increased their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target for the company. Needham & Company LLC reduced their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Truist Financial boosted their target price on Zebra Technologies from $408.00 to $409.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. 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 MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average target price of $381.42.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded up $12.72 on Friday, hitting $331.08. 1,150,108 shares of the company traded hands, compared to its average volume of 582,099. Zebra Technologies has a 12-month low of $266.75 and a 12-month high of $427.76. 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 company has a market cap of $17.08 billion, a P/E ratio of 45.04 and a beta of 1.63. The firm's 50-day simple moving average is $388.62 and its 200 day simple moving average is $373.68.

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

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cascade Investment Advisors Inc. boosted its holdings in Zebra Technologies by 0.6% in the fourth 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 lifted its position in shares of Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock worth $3,502,000 after purchasing an additional 27 shares during the period. Equitable Trust Co. boosted its stake in shares of Zebra Technologies by 1.7% during the 4th 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 increased its position in shares of 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 valued at $461,000 after buying an additional 28 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Zebra Technologies by 24.8% in 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.

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.