Morgan Stanley Raises Zebra Technologies (NASDAQ:ZBRA) Price Target to $280.00

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) had its target price lifted by equities research analysts at Morgan Stanley from $245.00 to $280.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the industrial products company's stock. Morgan Stanley's target price would indicate a potential downside of 4.99% from the stock's current price.

Several other research firms have also recently issued reports on ZBRA. UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird boosted their target price on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup lowered their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC dropped their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $326.09.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded down $0.31 during trading on Wednesday, hitting $294.71. The company's stock had a trading volume of 151,585 shares, compared to its average volume of 460,171. The business has a fifty day moving average of $260.57 and a 200-day moving average of $331.56. 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 company has a market cap of $14.99 billion, a PE ratio of 28.95 and a beta of 1.74. Zebra Technologies has a 52 week low of $205.73 and a 52 week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $2.84 EPS. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. As a group, research analysts anticipate that Zebra Technologies will post 13.71 earnings per share for the current year.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. grew its stake in shares of Zebra Technologies by 6.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after buying an additional 72 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Zebra Technologies by 334.4% in the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after buying an additional 525 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after acquiring an additional 67,742 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Zebra Technologies by 14.8% during the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock valued at $13,057,000 after purchasing an additional 4,347 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Company Profile

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.

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