Zebra Technologies (NASDAQ:ZBRA) Given New $250.00 Price Target at Citigroup

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its price target lowered by investment analysts at Citigroup from $371.00 to $250.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. Citigroup's price objective would indicate a potential upside of 10.26% from the stock's current price.

Several other equities analysts have also recently issued reports on the stock. Barclays dropped their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Robert W. Baird reduced their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $343.36.

Zebra Technologies Trading Up 0.9 %

Shares of NASDAQ ZBRA traded up $1.97 during midday trading on Monday, hitting $226.73. The company's stock had a trading volume of 391,097 shares, compared to its average volume of 432,897. The business's 50 day moving average is $279.34 and its two-hundred day moving average is $351.71. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market cap of $11.65 billion, a P/E ratio of 22.27 and a beta of 1.76. Zebra Technologies has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, equities research analysts expect that Zebra Technologies will post 13.71 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.84% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV increased its stake in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares during the period. Investment Management Corp VA ADV acquired a new position in shares of Zebra Technologies in the 4th quarter worth approximately $27,000. Sierra Ocean LLC bought a new position in Zebra Technologies during the fourth quarter worth $28,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies during the fourth quarter valued at $31,000. Finally, Avalon Trust Co acquired a new stake in Zebra Technologies during the 4th quarter worth about $35,000. 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.