UBS Group Issues Pessimistic Forecast for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA) had its price objective cut by investment analysts at UBS Group from $445.00 to $425.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target suggests a potential upside of 30.87% from the company’s current price.

Several other brokerages also recently commented on ZBRA. TD Cowen raised their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Finally, Needham & Company LLC cut their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $324.75 on Tuesday. The company has a market capitalization of $16.75 billion, a PE ratio of 31.90 and a beta of 1.63. The company has a 50 day simple moving average of $385.62 and a two-hundred day simple moving average of $373.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Research analysts anticipate that Zebra Technologies will post 14.82 earnings per share for the current year.

Hedge Funds Weigh In On Zebra Technologies

Several large investors have recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in Zebra Technologies by 21.0% during the 4th quarter. Toronto Dominion Bank now owns 27,609 shares of the industrial products company’s stock valued at $10,663,000 after acquiring an additional 4,796 shares in the last quarter. Investment Management Corp VA ADV bought a new position in Zebra Technologies during the 4th quarter valued at $27,000. GTS Securities LLC lifted its stake in Zebra Technologies by 5.0% during the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 38 shares in the last quarter. Kolinsky Wealth Management LLC raised its stake in shares of Zebra Technologies by 12.9% during the 4th quarter. Kolinsky Wealth Management LLC now owns 805 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 92 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Zebra Technologies by 1,492.8% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 38,386 shares of the industrial products company’s stock worth $14,825,000 after purchasing an additional 35,976 shares during the period. 91.03% of the stock is currently owned by institutional investors.

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.