Morgan Stanley Has Lowered Expectations for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA) had its target price lowered by equities research analysts at 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. Morgan Stanley’s target price indicates a potential upside of 6.33% from the company’s previous close.

ZBRA has been the topic of several other research reports. UBS Group cut their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Robert W. Baird decreased their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Finally, Needham & Company LLC dropped their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $357.83.

Zebra Technologies Trading Down 2.4 %

Shares of Zebra Technologies stock traded down $5.31 during trading on Tuesday, reaching $218.18. The company’s stock had a trading volume of 466,107 shares, compared to its average volume of 412,847. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies has a 52-week low of $208.35 and a 52-week high of $427.76. The firm’s 50-day moving average is $313.36 and its two-hundred day moving average is $362.18. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 21.28 and a beta of 1.76.

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

Insiders Place Their Bets

In other news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Institutional Trading of Zebra Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. GAMMA Investing LLC boosted its position in shares of Zebra Technologies by 20,849.2% during the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company’s stock worth $72,335,000 after acquiring an additional 254,777 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Zebra Technologies by 19.3% in the first quarter. Central Pacific Bank Trust Division now owns 327 shares of the industrial products company’s stock worth $92,000 after buying an additional 53 shares in the last quarter. Wellington Management Group LLP grew its holdings in Zebra Technologies by 222.4% during the 4th quarter. Wellington Management Group LLP now owns 11,145 shares of the industrial products company’s stock valued at $4,304,000 after buying an additional 7,688 shares in the last quarter. 111 Capital purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $735,000. Finally, Siemens Fonds Invest GmbH grew its holdings in shares of Zebra Technologies by 2,110.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 12,046 shares of the industrial products company’s stock valued at $4,652,000 after purchasing an additional 11,501 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

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.