Zebra Technologies (NASDAQ:ZBRA) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks.com reports.

Several other analysts also recently commented on ZBRA. Morgan Stanley increased their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Robert W. Baird upped their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. KeyCorp reiterated a “sector weight” rating on shares of Zebra Technologies in a report on Thursday, October 30th. Citigroup reduced their price target on shares of Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Needham & Company LLC upped their price objective on Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $354.00.

Zebra Technologies Stock Down 5.5%

ZBRA stock opened at $241.57 on Tuesday. The business has a 50 day moving average of $293.57 and a 200 day moving average of $300.81. The firm has a market cap of $12.24 billion, a PE ratio of 24.35 and a beta of 1.80. Zebra Technologies has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.61 and a debt-to-equity ratio of 0.56.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 28th. The industrial products company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.13. Zebra Technologies had a return on equity of 18.08% and a net margin of 9.74%.The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm posted $3.49 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Zebra Technologies has set its Q4 2025 guidance at 4.200-4.400 EPS. FY 2025 guidance at 15.800-15.800 EPS. On average, research analysts forecast that Zebra Technologies will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its board has approved a share repurchase program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Zebra Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of Zebra Technologies by 1,826.5% in the third quarter. Nordea Investment Management AB now owns 997,495 shares of the industrial products company’s stock worth $292,705,000 after acquiring an additional 945,718 shares during the period. Alliancebernstein L.P. boosted its position in Zebra Technologies by 1,310.3% in the second quarter. Alliancebernstein L.P. now owns 779,680 shares of the industrial products company’s stock worth $240,422,000 after purchasing an additional 724,396 shares during the last quarter. Norges Bank purchased a new position in Zebra Technologies in the second quarter worth about $166,750,000. Alyeska Investment Group L.P. bought a new stake in shares of Zebra Technologies during the 1st quarter valued at about $99,995,000. Finally, Balyasny Asset Management L.P. increased its position in shares of Zebra Technologies by 469.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 401,839 shares of the industrial products company’s stock valued at $123,911,000 after purchasing an additional 331,263 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

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.