Citigroup Issues Positive Forecast for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA) had its target price raised by Citigroup from $280.00 to $342.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on ZBRA. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Barclays reduced their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. UBS Group reduced their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, Morgan Stanley raised their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $350.82.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $322.83 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies has a 52 week low of $205.73 and a 52 week high of $427.76. The stock has a market capitalization of $16.42 billion, a PE ratio of 30.54 and a beta of 1.75. The firm has a 50 day moving average of $297.59 and a two-hundred day moving average of $308.37.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $2.84 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies will post 13.71 EPS for the current fiscal year.

Institutional Trading of Zebra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Investment Management Corp VA ADV acquired a new position in Zebra Technologies during the fourth quarter worth about $27,000. Creative Financial Designs Inc. ADV grew its position 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 purchasing an additional 36 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $31,000. Avalon Trust Co acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Zebra Technologies in the first quarter valued at approximately $27,000. 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.