Zebra Technologies (NASDAQ:ZBRA) Stock Rating Lowered by Wall Street Zen

Zebra Technologies (NASDAQ:ZBRA) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday, Wall Street Zen reports.

Several other analysts have also recently issued reports on the company. Truist Financial increased their target price on Zebra Technologies from $355.00 to $378.00 and gave the stock a “hold” rating in a research report on Monday, October 5th. Barclays boosted their price target on Zebra Technologies from $416.00 to $432.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. BNP Paribas Exane dropped their price target on Zebra Technologies from $460.00 to $455.00 and set an “outperform” rating for the company in a research note on Wednesday, November 4th. Morgan Stanley increased their price objective on shares of Zebra Technologies from $360.00 to $380.00 and gave the company an “equal weight” rating in a report on Wednesday, November 4th. Finally, UBS Group reiterated a “buy” rating on shares of Zebra Technologies in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $388.15.

Zebra Technologies Stock Up 1.9%

ZBRA opened at $327.44 on Tuesday. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 18.66 and a beta of 1.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.36 and a current ratio of 0.57. The firm’s fifty day moving average is $363.04 and its 200 day moving average is $283.61. Zebra Technologies has a fifty-two week low of $199.05 and a fifty-two week high of $392.78.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $0.06. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Zebra Technologies had a return on equity of 23.94% and a net margin of 9.80%. Zebra Technologies’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.88 EPS. On average, sell-side analysts forecast that Zebra Technologies will post 18.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zebra Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Advisors Asset Management Inc. purchased a new position in Zebra Technologies during the 3rd quarter valued at approximately $118,000. Private Wealth Asset Management LLC purchased a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $458,000. Private Advisor Group LLC boosted its position in shares of Zebra Technologies by 47.3% during the 3rd quarter. Private Advisor Group LLC now owns 2,109 shares of the industrial products company’s stock valued at $787,000 after acquiring an additional 677 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Zebra Technologies during the 3rd quarter valued at approximately $10,106,000. Finally, Focus Advisor Solutions LLC purchased a new position in shares of Zebra Technologies in the third quarter valued at $1,531,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Company Profile

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations. The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.