Zebra Technologies (NASDAQ:ZBRA) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Zebra Technologies from “strong buy” to “buy.” Broader analyst sentiment remains positive, with 10 Buy and five Hold ratings and a consensus “Moderate Buy” rating.
• Analysts’ average price target is $388.67, compared with the stock’s Tuesday opening price of $326.71.
• Zebra beat quarterly estimates, reporting EPS of $4.95 versus $4.89 expected and revenue of $1.61 billion versus $1.57 billion expected. Revenue grew 22.3% year over year.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Tuesday, Wall Street Zen reports.

ZBRA has been the topic of several other reports. Cfra upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, November 4th. Truist Financial lifted their target price on shares of Zebra Technologies from $355.00 to $378.00 and gave the company a "hold" rating in a report on Monday, October 5th. Barclays lifted their target price on shares of Zebra Technologies from $416.00 to $432.00 and gave the company an "overweight" rating in a report on Wednesday, November 4th. TD Cowen boosted their target price on Zebra Technologies from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane decreased their price target on Zebra Technologies from $460.00 to $455.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 4th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $388.67.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $326.71 on Tuesday. The stock has a fifty day simple moving average of $364.01 and a 200-day simple moving average of $282.80. The company has a current ratio of 0.57, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The stock has a market cap of $15.56 billion, a PE ratio of 19.31 and a beta of 1.61. Zebra Technologies has a twelve month low of $199.05 and a twelve month high of $392.78.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $0.06. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $3.88 EPS. Zebra Technologies's revenue was up 22.3% on a year-over-year basis. Equities analysts anticipate that Zebra Technologies will post 18.15 earnings per share for the current year.

Institutional Trading of Zebra Technologies

Hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its holdings in shares of Zebra Technologies by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 5,863 shares of the industrial products company's stock valued at $2,189,000 after purchasing an additional 27 shares in the last quarter. Fulton Bank N.A. lifted its holdings in Zebra Technologies by 2.3% during the 2nd quarter. Fulton Bank N.A. now owns 1,720 shares of the industrial products company's stock worth $453,000 after buying an additional 38 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Zebra Technologies by 8.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the industrial products company's stock valued at $196,000 after buying an additional 43 shares during the period. Wealth Alliance LLC boosted its position in Zebra Technologies by 5.2% in the 1st quarter. Wealth Alliance LLC now owns 1,029 shares of the industrial products company's stock valued at $215,000 after buying an additional 51 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Zebra Technologies by 33.7% in the second quarter. Parkside Financial Bank & Trust now owns 222 shares of the industrial products company's stock worth $58,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

About Zebra Technologies

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations.

The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.

Founded in 1969 as Data Specialties Incorporated, the company later adopted the Zebra Technologies name.

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