Barclays Lowers Zebra Technologies (NASDAQ:ZBRA) Price Target to $326.00

Zebra Technologies (NASDAQ:ZBRA) had its price target trimmed by Barclays from $407.00 to $326.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

A number of other research firms have also commented on ZBRA. Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Truist Financial increased their price target on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, UBS Group raised their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.00.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $318.36 on Friday. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. The stock’s 50 day moving average is $390.48 and its 200-day moving average is $373.85. Zebra Technologies has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Sell-side analysts forecast that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of Zebra Technologies during the 3rd quarter worth $247,000. Point72 DIFC Ltd bought a new position in shares of Zebra Technologies during the 3rd quarter worth $2,113,000. LVM Capital Management Ltd. MI bought a new position in shares of Zebra Technologies during the 4th quarter worth $643,000. Versor Investments LP bought a new position in Zebra Technologies in the 3rd quarter worth about $1,752,000. Finally, Cerity Partners LLC boosted its stake in Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after purchasing an additional 3,328 shares during the period. Institutional investors own 91.03% of the company’s stock.

About Zebra Technologies

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.