Morgan Stanley Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $232.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective reduced by investment analysts at Morgan Stanley from $390.00 to $232.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price objective indicates a potential upside of 6.33% from the company’s previous close.

Other research analysts also recently issued reports about the company. Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday. Needham & Company LLC cut their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays lowered their price objective 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. Robert W. Baird cut their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group lowered their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $357.83.

Zebra Technologies Trading Down 2.4 %

Shares of NASDAQ ZBRA traded down $5.31 during trading hours on Tuesday, hitting $218.18. 466,107 shares of the company traded hands, compared to its average volume of 412,847. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies has a 12 month low of $208.35 and a 12 month high of $427.76. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 21.28 and a beta of 1.76. The company’s 50 day moving average price is $313.36 and its 200 day moving average price is $362.18.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 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 return on equity of 18.34% and a net margin of 10.60%. On average, equities research analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Zebra Technologies during the fourth quarter worth $201,420,000. FMR LLC boosted its holdings in Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock worth $299,585,000 after buying an additional 499,736 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Zebra Technologies during the fourth quarter worth $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock valued at $153,188,000 after acquiring an additional 322,475 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other 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.