Zebra Technologies (NASDAQ:ZBRA) Upgraded by Morgan Stanley to Equal Weight Rating

Zebra Technologies (NASDAQ:ZBRA) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued on Monday, MarketBeat reports. The brokerage currently has a $400.00 price target on the industrial products company’s stock, up from their previous price target of $305.00. Morgan Stanley’s target price would indicate a potential downside of 1.57% from the company’s previous close.

Several other research firms have also recently weighed in on ZBRA. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen increased their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $393.82.

Zebra Technologies Stock Down 0.9 %

ZBRA stock opened at $406.40 on Monday. Zebra Technologies has a fifty-two week low of $232.29 and a fifty-two week high of $412.45. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of 55.29 and a beta of 1.63. The business’s 50 day moving average price is $382.31 and its two-hundred day moving average price is $345.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, analysts forecast that Zebra Technologies will post 12.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by insiders.

Institutional Trading of Zebra Technologies

Institutional investors have recently modified their holdings of the stock. Concord Wealth Partners purchased a new position in Zebra Technologies in the 3rd quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zebra Technologies during the 2nd quarter worth $27,000. Farmers & Merchants Investments Inc. boosted its position in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Zebra Technologies in the second quarter valued at about $32,000. Finally, Blue Trust Inc. raised its position in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds 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.