Zebra Technologies (NASDAQ:ZBRA) Receives “Neutral” Rating from Citigroup

Zebra Technologies (NASDAQ:ZBRA)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup in a report issued on Monday, MarketBeat Ratings reports. They currently have a $342.00 price target on the industrial products company’s stock, up from their prior price target of $280.00. Citigroup’s price objective indicates a potential upside of 7.03% from the stock’s current price.

ZBRA has been the topic of a number of other reports. 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 research note on Wednesday, April 30th. Morgan Stanley lifted their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 28th. Robert W. Baird lifted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a research report on Monday. BNP Paribas raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, UBS Group reduced 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, April 30th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $350.82.

Zebra Technologies Price Performance

Shares of ZBRA traded down $3.28 during mid-day trading on Monday, hitting $319.55. 297,461 shares of the company traded hands, compared to its average volume of 482,331. Zebra Technologies has a one year low of $205.73 and a one year high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $297.59 and a 200 day moving average of $308.37. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 30.23 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $2.84 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts expect that Zebra Technologies will post 13.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zebra Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV boosted its stake in shares of Zebra Technologies by 102.9% in the 4th 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. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies in the 4th quarter valued at $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Zebra Technologies in the 1st quarter valued at $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the 1st quarter valued at $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Zebra Technologies in the 1st quarter valued at $30,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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.