Robert W. Baird Cuts Zebra Technologies (NASDAQ:ZBRA) Price Target to $380.00

Zebra Technologies (NASDAQ:ZBRA) had its price target cut by Robert W. Baird from $432.00 to $380.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on the company. Morgan Stanley lowered their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Barclays lowered their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC lowered their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five equities research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Stock Down 1.2 %

Shares of NASDAQ:ZBRA opened at $320.98 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market capitalization of $16.56 billion, a PE ratio of 31.53 and a beta of 1.63. The firm’s 50-day moving average is $383.89 and its two-hundred day moving average is $373.03. Zebra Technologies has a 1 year low of $266.75 and a 1 year high of $427.76.

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

Institutional Investors Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $27,000. Creative Financial Designs Inc. ADV raised its stake in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $28,000. Concord Wealth Partners purchased a new stake in shares of Zebra Technologies during the third quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $31,000. Hedge funds and other 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.