Zebra Technologies (NASDAQ:ZBRA) Price Target Cut to $395.00 by Analysts at Needham & Company LLC

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its price target lowered by Needham & Company LLC from $430.00 to $395.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company's stock.

Other equities analysts have also recently issued research reports about the stock. TD Cowen raised their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target on the stock. Finally, Truist Financial raised their price target on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a "hold" rating in a research report on Thursday, January 16th. Five investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies Stock Up 4.0 %

Shares of ZBRA stock traded up $12.72 on Friday, reaching $331.08. 1,150,108 shares of the company were exchanged, compared to its average volume of 582,099. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 45.04 and a beta of 1.63. The company has a 50-day moving average of $388.62 and a 200-day moving average of $373.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies has a one year low of $266.75 and a one year 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). The company 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 anticipate that Zebra Technologies will post 11.8 earnings per share for the current year.

Institutional Investors Weigh In On Zebra Technologies

Large investors have recently modified their holdings of the stock. Investment Management Corp VA ADV purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV increased its stake in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $28,000. Concord Wealth Partners purchased a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $31,000. 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.