Zebra Technologies (NASDAQ:ZBRA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Zebra Technologies (NASDAQ:ZBRA) had its target price boosted by investment analysts at Morgan Stanley from $245.00 to $280.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s target price would indicate a potential downside of 4.99% from the company’s previous close.

A number of other brokerages have also issued reports on ZBRA. Barclays dropped their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC decreased their target price on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. UBS Group reduced their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird increased their target price on Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, Truist Financial decreased 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, April 8th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.09.

Zebra Technologies Trading Down 0.1%

Shares of NASDAQ ZBRA traded down $0.31 during midday trading on Wednesday, reaching $294.71. 151,585 shares of the stock were exchanged, compared to its average volume of 460,171. Zebra Technologies has a twelve month low of $205.73 and a twelve month high of $427.76. The stock has a market capitalization of $14.99 billion, a P/E ratio of 28.95 and a beta of 1.74. The company has a 50 day simple moving average of $260.57 and a 200 day simple moving average of $331.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $2.84 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, equities analysts expect that Zebra Technologies will post 13.71 earnings per share for the current year.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its stake in shares of Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 72 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 525 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Zebra Technologies by 47.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after purchasing an additional 67,742 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Zebra Technologies by 14.8% during the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company’s stock valued at $13,057,000 after buying an additional 4,347 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other 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.