Needham & Company LLC Issues Pessimistic Forecast for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA) had its price target lowered by investment analysts at Needham & Company LLC from $430.00 to $395.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 24.07% from the stock’s current price.

A number of other equities analysts have also recently commented on ZBRA. Morgan Stanley boosted their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. UBS Group lifted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $386.00.

Zebra Technologies Stock Down 1.6 %

ZBRA stock opened at $318.36 on Friday. The company has a market cap of $16.42 billion, a PE ratio of 43.31 and a beta of 1.63. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 52 week low of $266.75 and a 52 week high of $427.76. The business has a 50-day simple moving average of $390.48 and a 200 day simple moving average of $373.69.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sell-side analysts anticipate that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Zebra Technologies

Several large investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its position in 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 valued at $27,000 after acquiring an additional 36 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the 4th quarter valued at about $28,000. Concord Wealth Partners acquired a new stake in Zebra Technologies during the third quarter worth approximately $30,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies in the fourth quarter worth approximately $31,000. Finally, Avalon Trust Co acquired a new position in Zebra Technologies in the fourth quarter valued at approximately $35,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.