Morgan Stanley Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $390.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective cut by analysts at Morgan Stanley from $427.00 to $390.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price target indicates a potential upside of 22.56% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Truist Financial increased their price target on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. TD Cowen increased their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $395.25.

Zebra Technologies Price Performance

Zebra Technologies stock traded down $5.22 on Friday, reaching $318.21. The company’s stock had a trading volume of 128,880 shares, compared to its average volume of 537,566. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 43.13 and a beta of 1.63. The business’s fifty day moving average price is $393.93 and its 200 day moving average price is $373.98. Zebra Technologies has a twelve month low of $266.75 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 20th. 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 return on equity of 15.56% and a net margin of 8.20%. Equities analysts expect that Zebra Technologies will post 11.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. raised its holdings in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 25 shares in the last quarter. WCM Investment Management LLC grew its position in shares of Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after buying an additional 27 shares during the last quarter. Equitable Trust Co. grew its position in shares of Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after buying an additional 27 shares during the last quarter. KPP Advisory Services LLC grew its position in shares of Zebra Technologies by 2.3% in the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after buying an additional 28 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Zebra Technologies by 24.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after buying an additional 30 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

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.