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

Zebra Technologies (NASDAQ:ZBRA) had its price objective cut by investment analysts at Truist Financial from $409.00 to $379.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price target suggests a potential upside of 19.16% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Barclays decreased their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday. Morgan Stanley cut their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday. UBS Group increased their price objective on 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 upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $386.00.

Zebra Technologies Stock Performance

ZBRA stock traded down $5.37 on Friday, reaching $318.05. The company’s stock had a trading volume of 246,184 shares, compared to its average volume of 541,730. Zebra Technologies has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a market capitalization of $16.41 billion, a P/E ratio of 43.14 and a beta of 1.63. The firm has a fifty day moving average of $392.30 and a two-hundred day moving average of $373.63. 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 (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 20th. 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 return on equity of 15.56% and a net margin of 8.20%. As a group, analysts predict that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Zebra Technologies

A number of hedge funds have recently modified their holdings of ZBRA. Creative Financial Designs Inc. ADV increased its stake in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 36 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies in the fourth quarter worth $28,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the third quarter worth $30,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the fourth quarter worth $31,000. Finally, Avalon Trust Co acquired a new position in Zebra Technologies during the fourth quarter worth $35,000. 91.03% of the stock is owned by institutional investors and hedge funds.

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.