Morgan Stanley Increases Zebra Technologies (NASDAQ:ZBRA) Price Target to $305.00

Zebra Technologies (NASDAQ:ZBRA) had its target price increased by Morgan Stanley from $290.00 to $305.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s target price points to a potential downside of 20.15% from the stock’s current price.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday. Vertical Research began coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. Needham & Company LLC lifted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial reaffirmed a “hold” rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Trading Down 0.5 %

ZBRA opened at $381.97 on Wednesday. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $394.57. The stock has a market capitalization of $19.70 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The business has a fifty day moving average price of $358.62 and a 200 day moving average price of $329.95.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $3.24 EPS. Zebra Technologies’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts expect that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new position in Zebra Technologies during the 3rd quarter worth approximately $247,000. Norden Group LLC acquired a new position in Zebra Technologies during the 1st quarter worth approximately $2,108,000. SG Americas Securities LLC increased its position in Zebra Technologies by 105.5% during the 1st quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock worth $4,612,000 after purchasing an additional 7,853 shares during the period. Tidal Investments LLC increased its position in Zebra Technologies by 172.3% during the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares during the period. Finally, Park Avenue Securities LLC increased its position in Zebra Technologies by 23.0% during the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after purchasing an additional 1,643 shares during the period. Institutional investors and hedge funds 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.