Zebra Technologies (NASDAQ:ZBRA) Price Target Cut to $500.00

Zebra Technologies (NASDAQ:ZBRAGet Rating) had its price target decreased by Needham & Company LLC from $535.00 to $500.00 in a report issued on Wednesday, The Fly reports. Needham & Company LLC’s price target indicates a potential upside of 35.82% from the stock’s previous close.

A number of other research firms have also weighed in on ZBRA. Morgan Stanley dropped their price objective on shares of Zebra Technologies from $470.00 to $400.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 12th. Robert W. Baird lowered their target price on shares of Zebra Technologies from $550.00 to $440.00 in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $530.00 to $500.00 in a report on Monday, April 4th. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $464.00 target price for the company in a report on Monday, February 14th. Finally, StockNews.com downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Friday, April 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Buy” and a consensus price target of $517.00.

Shares of NASDAQ ZBRA opened at $368.14 on Wednesday. The firm has a market cap of $19.54 billion, a PE ratio of 23.71 and a beta of 1.60. Zebra Technologies has a 12-month low of $360.00 and a 12-month high of $615.00. The company’s fifty day simple moving average is $404.84 and its 200 day simple moving average is $496.33. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 0.31.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. Zebra Technologies had a net margin of 14.88% and a return on equity of 34.15%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the firm earned $4.47 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that Zebra Technologies will post 18.37 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZBRA. Putnam Investments LLC increased its stake in shares of Zebra Technologies by 232.0% in the third quarter. Putnam Investments LLC now owns 45,051 shares of the industrial products company’s stock worth $23,220,000 after purchasing an additional 31,482 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Zebra Technologies by 31.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,816 shares of the industrial products company’s stock worth $4,652,000 after purchasing an additional 1,869 shares in the last quarter. Natixis purchased a new position in shares of Zebra Technologies in the third quarter worth about $5,464,000. Rockefeller Capital Management L.P. increased its stake in shares of Zebra Technologies by 51.2% in the third quarter. Rockefeller Capital Management L.P. now owns 6,406 shares of the industrial products company’s stock worth $3,301,000 after purchasing an additional 2,169 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Zebra Technologies by 31.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 426,962 shares of the industrial products company’s stock worth $220,065,000 after purchasing an additional 101,127 shares in the last quarter. Institutional investors and hedge funds own 85.30% of the company’s stock.

Zebra Technologies Company Profile (Get Rating)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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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