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

Zebra Technologies (NASDAQ:ZBRA) had its price target lowered by Morgan Stanley from $390.00 to $232.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

ZBRA has been the topic of a number of other research reports. Citigroup initiated coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. UBS Group decreased their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Robert W. Baird decreased their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial dropped their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $359.73.

Zebra Technologies Price Performance

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 stock has a market cap of $11.48 billion, a P/E ratio of 21.94 and a beta of 1.76. The company has a fifty day moving average price of $296.56 and a 200 day moving average price of $357.46. 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 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 analyst estimates of $1.31 billion. Analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current year.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

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

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.