Zebra Technologies (NASDAQ:ZBRA) Given New $425.00 Price Target at UBS Group

Zebra Technologies (NASDAQ:ZBRA) had its price objective trimmed by UBS Group from $445.00 to $425.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other analysts have also recently issued reports on ZBRA. Needham & Company LLC cut their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Morgan Stanley dropped their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird dropped their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Trading Up 4.0 %

ZBRA opened at $331.08 on Tuesday. The stock has a market capitalization of $17.08 billion, a PE ratio of 45.04 and a beta of 1.63. The firm’s fifty day moving average price is $388.62 and its 200 day moving average price is $373.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies has a 12-month low of $266.75 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted 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). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. As a group, research analysts expect that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Institutional Trading of Zebra Technologies

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Zebra Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after acquiring an additional 55,130 shares during the period. State Street Corp grew its position in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after buying an additional 70,771 shares in the last quarter. Invesco Ltd. grew its position in Zebra Technologies by 1.5% in the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock valued at $549,586,000 after buying an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock valued at $500,701,000 after buying an additional 86,766 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Zebra Technologies by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after buying an additional 30,496 shares in the last quarter. 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.