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

Zebra Technologies (NASDAQ:ZBRA) had its target price reduced by research analysts at Morgan Stanley from $390.00 to $232.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price target suggests a potential downside of 4.83% from the stock’s current price.

A number of other research firms also recently weighed in on ZBRA. Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC cut their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. UBS Group cut their price objective 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. Barclays decreased 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. Finally, Truist Financial lowered their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.73.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $243.77 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies has a 1-year low of $205.73 and a 1-year high of $427.76. The firm’s 50-day moving average price is $299.82 and its 200-day moving average price is $358.44. The firm has a market capitalization of $12.52 billion, a P/E ratio of 23.95 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion for 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%. Equities research analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its position in Zebra Technologies by 264.5% during the third quarter. Benjamin Edwards Inc. now owns 616 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 447 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Zebra Technologies by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company’s stock valued at $2,190,000 after buying an additional 245 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Zebra Technologies by 39.8% in the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company’s stock worth $861,000 after buying an additional 662 shares during the last quarter. Wellington Management Group LLP grew its holdings in Zebra Technologies by 5.6% during the third quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company’s stock worth $1,280,000 after acquiring an additional 183 shares during the period. Finally, National Bank of Canada FI raised its position in Zebra Technologies by 47.3% during the third quarter. National Bank of Canada FI now owns 20,950 shares of the industrial products company’s stock valued at $7,758,000 after acquiring an additional 6,725 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Company Profile

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.