Truist Financial Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $254.00

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

Other equities research analysts have also recently issued research reports about the stock. Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. UBS Group cut 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. Needham & Company LLC dropped their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Robert W. Baird decreased their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Barclays cut 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. Five research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $359.73.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $223.37 on Tuesday. The firm’s fifty day moving average price is $296.56 and its 200-day moving average price is $357.46. Zebra Technologies has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. 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 has a market cap of $11.48 billion, a P/E ratio of 21.94 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, equities research analysts expect that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV grew 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 valued at $27,000 after buying an additional 36 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies during the 4th quarter valued at $27,000. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the 4th quarter worth $28,000. Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the fourth quarter worth $31,000. Finally, Avalon Trust Co bought a new position in shares of Zebra Technologies during the fourth quarter valued at $35,000. 91.03% of the stock is currently owned by 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.