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

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

Several other analysts have also recently weighed in on ZBRA. Robert W. Baird cut their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Barclays cut their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Morgan Stanley cut their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $359.73.

Zebra Technologies Price Performance

ZBRA opened at $213.54 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market capitalization of $10.97 billion, a P/E ratio of 20.98 and a beta of 1.76. The company’s 50 day simple moving average is $305.80 and its 200-day simple moving average is $360.07. Zebra Technologies has a one year low of $208.35 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Sell-side 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 related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at about $27,000. 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 worth $27,000 after buying an additional 36 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Zebra Technologies in the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the 4th quarter worth approximately $31,000. Finally, Avalon Trust Co bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $35,000. 91.03% of the stock is owned by institutional investors.

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.