Zebra Technologies (NASDAQ:ZBRA) Given New $450.00 Price Target at Needham & Company LLC

Zebra Technologies (NASDAQ:ZBRAGet Rating) had its target price reduced by Needham & Company LLC from $500.00 to $450.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC’s target price suggests a potential upside of 36.12% from the stock’s current price.

A number of other equities research analysts have also issued reports on ZBRA. UBS Group decreased their target price on shares of Zebra Technologies to $540.00 in a research note on Friday, June 3rd. StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. Morgan Stanley raised shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $400.00 to $335.00 in a research note on Monday, May 23rd. Robert W. Baird decreased their target price on shares of Zebra Technologies from $550.00 to $440.00 in a research note on Wednesday, May 4th. Finally, Stephens decreased their target price on shares of Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $453.33.

Zebra Technologies Trading Up 1.3 %

NASDAQ ZBRA opened at $330.58 on Wednesday. Zebra Technologies has a twelve month low of $283.72 and a twelve month high of $615.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.61 and a current ratio of 0.85. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 25.55 and a beta of 1.64. The firm’s 50 day moving average price is $314.58 and its two-hundred day moving average price is $378.56.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.68. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.17 EPS. Equities analysts anticipate that Zebra Technologies will post 17.82 EPS for the current year.

Zebra Technologies announced that its board has initiated a stock repurchase plan on Tuesday, May 17th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Baldwin Brothers LLC MA bought a new position in Zebra Technologies in the 1st quarter worth $41,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Zebra Technologies by 153.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the industrial products company’s stock worth $8,780,000 after acquiring an additional 12,838 shares during the period. Commonwealth Equity Services LLC raised its holdings in Zebra Technologies by 31.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,816 shares of the industrial products company’s stock worth $4,652,000 after acquiring an additional 1,869 shares during the period. Whittier Trust Co. raised its holdings in Zebra Technologies by 19.0% in the 1st quarter. Whittier Trust Co. now owns 332 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 53 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Zebra Technologies by 57.8% in the 1st quarter. Pacer Advisors Inc. now owns 13,608 shares of the industrial products company’s stock worth $5,630,000 after acquiring an additional 4,982 shares during the period. Institutional investors and hedge funds own 85.30% of the company’s stock.

Zebra Technologies Company Profile

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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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