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

Zebra Technologies (NASDAQ:ZBRA) had its target price dropped by research analysts at Barclays from $407.00 to $326.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential upside of 3.22% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial upped their target price on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley decreased their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $388.50.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded down $7.58 during trading hours on Friday, hitting $315.84. The company had a trading volume of 174,513 shares, compared to its average volume of 539,295. The business has a 50 day moving average of $392.30 and a 200-day moving average of $373.63. 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 has a 1-year low of $266.75 and a 1-year high of $427.76. The company has a market cap of $16.29 billion, a PE ratio of 43.03 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. As a group, equities research analysts expect that Zebra Technologies will post 11.8 EPS for the current year.

Hedge Funds Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its stake in Zebra Technologies by 102.9% during 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 period. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $28,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies during the third quarter worth approximately $30,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the 4th quarter worth approximately $31,000. Finally, Avalon Trust Co acquired a new stake in Zebra Technologies in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds 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.