Barclays Lowers Zebra Technologies (NASDAQ:ZBRA) Price Target to $326.00

Zebra Technologies (NASDAQ:ZBRA) had its target price lowered by research analysts at Barclays from $407.00 to $326.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential upside of 2.40% from the stock’s previous close.

A number of other equities analysts have also commented on ZBRA. Truist Financial raised their price target on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group raised their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Finally, Morgan Stanley lowered their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $386.00.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $318.36 on Friday. The firm’s 50 day moving average is $390.48 and its 200 day moving average is $373.69. The stock has a market capitalization of $16.42 billion, a P/E ratio of 43.31 and a beta of 1.63. Zebra Technologies has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results 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). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts anticipate that Zebra Technologies will post 11.8 earnings per share for the current year.

Institutional Investors Weigh In On Zebra Technologies

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock valued at $2,417,942,000 after purchasing an additional 55,130 shares in the last quarter. State Street Corp increased its holdings in shares of Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the period. Invesco Ltd. increased its holdings in shares of Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock worth $549,586,000 after buying an additional 20,992 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Zebra Technologies by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock worth $500,701,000 after buying an additional 86,766 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Zebra Technologies by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock worth $491,935,000 after buying an additional 30,496 shares during the period. Hedge funds and other 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.