Zebra Technologies (NASDAQ:ZBRA) Price Target Lowered to $380.00 at Robert W. Baird

Zebra Technologies (NASDAQ:ZBRA) had its target price lowered by Robert W. Baird from $432.00 to $380.00 in a report released on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Several other brokerages have also recently commented on ZBRA. 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 research report on Friday, February 14th. UBS Group raised their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial decreased their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Morgan Stanley decreased their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $331.08 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market capitalization of $17.08 billion, a P/E ratio of 45.04 and a beta of 1.63. The company has a 50 day moving average price of $388.62 and a 200 day moving average price of $373.68. Zebra Technologies has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data 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). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Equities research analysts forecast that Zebra Technologies will post 11.8 EPS for the current year.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cascade Investment Advisors Inc. raised its stake in Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after acquiring an additional 25 shares in the last quarter. WCM Investment Management LLC raised its stake in Zebra Technologies by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock worth $3,502,000 after acquiring an additional 27 shares in the last quarter. Equitable Trust Co. raised its stake in Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after acquiring an additional 27 shares in the last quarter. KPP Advisory Services LLC raised its stake in Zebra Technologies by 2.3% during the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 28 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 30 shares in the last quarter. 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.