Zebra Technologies (NASDAQ:ZBRA) Price Target Cut to $254.00 by Analysts at Truist Financial

Zebra Technologies (NASDAQ:ZBRA) had its price objective cut by Truist Financial from $379.00 to $254.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the stock. Barclays lowered their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC lowered their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $359.73.

Zebra Technologies Trading Down 8.4 %

NASDAQ:ZBRA opened at $223.37 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The business has a fifty day moving average price of $296.56 and a 200-day moving average price of $357.46. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 21.94 and a beta of 1.76. Zebra Technologies has a one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sell-side analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by insiders.

Institutional Trading of Zebra Technologies

Several hedge funds have recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV raised its holdings in 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 valued at $27,000 after buying an additional 36 shares during the period. Investment Management Corp VA ADV bought a new position in Zebra Technologies during the fourth quarter valued at $27,000. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies in the 4th quarter worth about $31,000. Finally, Avalon Trust Co purchased a new position in shares of Zebra Technologies during the 4th quarter worth about $35,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

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.