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

Zebra Technologies (NASDAQ:ZBRA) had its target price decreased by research analysts at Morgan Stanley from $427.00 to $390.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s target price would indicate a potential upside of 22.50% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC decreased their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Barclays boosted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Truist Financial boosted their price objective on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Five equities 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. According to data from MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $386.00.

Zebra Technologies Price Performance

ZBRA opened at $318.36 on Friday. The company has a fifty day moving average price of $390.48 and a two-hundred day moving average price of $373.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies has a 52 week low of $266.75 and a 52 week high of $427.76. The firm has a market capitalization of $16.42 billion, a PE ratio of 43.31 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, analysts anticipate that Zebra Technologies will post 11.8 earnings per share for the current year.

Institutional Investors Weigh In On Zebra Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the 4th quarter valued at about $28,000. Concord Wealth Partners bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $30,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies in the 4th quarter valued at about $31,000. Finally, Avalon Trust Co bought a new stake in shares of Zebra Technologies in the 4th quarter valued at about $35,000. 91.03% of the stock is owned by institutional investors.

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.