Truist Financial Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $379.00

Zebra Technologies (NASDAQ:ZBRA - Free Report) had its price target lowered by Truist Financial from $409.00 to $379.00 in a research note published on Friday,Benzinga reports. The firm currently has a hold rating on the industrial products company's stock.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research report on Friday. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective on the stock. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Barclays dropped their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Trading Up 4.0 %

NASDAQ:ZBRA traded up $12.72 on Friday, reaching $331.08. The company's stock had a trading volume of 1,150,108 shares, compared to its average volume of 582,099. The firm 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 quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 12-month low of $266.75 and a 12-month high of $427.76. The stock has a 50 day moving average price of $388.62 and a 200 day moving average price of $373.68.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. On average, equities analysts anticipate that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Zebra Technologies during the third quarter worth $247,000. Point72 DIFC Ltd purchased a new position in shares of Zebra Technologies during the third quarter worth about $2,113,000. Versor Investments LP purchased a new position in Zebra Technologies during the 3rd quarter worth approximately $1,752,000. LVM Capital Management Ltd. MI purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $643,000. Finally, Cerity Partners LLC boosted its holdings in shares of Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company's stock valued at $3,950,000 after acquiring an additional 3,328 shares during the period. Institutional investors and hedge funds 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.