UBS Group Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $425.00

Zebra Technologies (NASDAQ:ZBRA) had its price target cut by UBS Group from $445.00 to $425.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other brokerages have also recently issued reports on ZBRA. Morgan Stanley reduced their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Barclays cut 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, February 14th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $320.98 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock’s 50-day simple moving average is $383.89 and its 200 day simple moving average is $373.03. The company has a market cap of $16.56 billion, a P/E ratio of 31.53 and a beta of 1.63. Zebra Technologies has a 52-week low of $266.75 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, sell-side analysts forecast that Zebra Technologies will post 14.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV increased its holdings in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after buying an additional 36 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in Zebra Technologies in the fourth quarter valued at $27,000. Sierra Ocean LLC acquired a new stake in Zebra Technologies during the 4th quarter worth about $28,000. Concord Wealth Partners acquired a new stake in Zebra Technologies during the 3rd quarter worth about $30,000. Finally, Picton Mahoney Asset Management acquired a new stake in Zebra Technologies during the 4th quarter worth about $31,000. 91.03% of the stock is currently 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.