Barclays Has Lowered Expectations for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA) had its price target dropped by analysts at Barclays from $326.00 to $263.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target points to a potential upside of 5.35% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird raised their price target on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial decreased their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. UBS Group cut their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday. Needham & Company LLC decreased their price objective on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Citigroup dropped their target price on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $321.73.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $249.64 on Wednesday. The firm’s 50 day moving average price is $264.61 and its two-hundred day moving average price is $343.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies has a 52-week low of $205.73 and a 52-week high of $427.76. The stock has a market cap of $12.83 billion, a PE ratio of 24.52 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business posted $2.84 EPS. Zebra Technologies’s revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that Zebra Technologies will post 13.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zebra Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ZBRA. Vanguard Group Inc. raised its holdings in Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock valued at $2,417,942,000 after acquiring an additional 55,130 shares during the period. Invesco Ltd. lifted its holdings in Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock worth $549,586,000 after purchasing an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock worth $500,701,000 after purchasing an additional 86,766 shares during the period. Geode Capital Management LLC grew its holdings in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after buying an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after acquiring an additional 379,491 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.