Zebra Technologies (NASDAQ:ZBRA) Stock Rating Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a strong-buy rating to a buy rating in a report released on Tuesday,Wall Street Zen reports.

ZBRA has been the topic of a number of other reports. BNP Paribas Exane decreased their price objective on shares of Zebra Technologies from $460.00 to $455.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 4th. Citigroup lowered their price objective on shares of Zebra Technologies from $400.00 to $398.00 and set a “neutral” rating for the company in a research report on Wednesday, November 4th. Weiss Ratings upgraded Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. TD Cowen raised their target price on Zebra Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Truist Financial raised their target price on Zebra Technologies from $355.00 to $378.00 and gave the company a “hold” rating in a report on Monday, October 5th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $388.67.

Zebra Technologies Trading Down 1.6%

Shares of Zebra Technologies stock opened at $321.38 on Tuesday. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 18.97 and a beta of 1.61. The company has a quick ratio of 0.36, a current ratio of 0.57 and a debt-to-equity ratio of 0.14. Zebra Technologies has a 12-month low of $199.05 and a 12-month high of $392.78. The firm’s 50-day moving average price is $363.37 and its two-hundred day moving average price is $283.17.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.89 by $0.06. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the firm earned $3.88 EPS. On average, analysts forecast that Zebra Technologies will post 18.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zebra Technologies

A number of hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Zebra Technologies by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 613,319 shares of the industrial products company’s stock valued at $228,958,000 after purchasing an additional 1,956 shares during the last quarter. Aberdeen Group plc lifted its stake in Zebra Technologies by 8,890.2% in the 3rd quarter. Aberdeen Group plc now owns 388,019 shares of the industrial products company’s stock valued at $144,851,000 after purchasing an additional 383,703 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Zebra Technologies by 37.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company’s stock valued at $143,473,000 after purchasing an additional 185,387 shares during the last quarter. Lazard Asset Management LLC boosted its position in Zebra Technologies by 3.4% in the first quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company’s stock valued at $130,459,000 after buying an additional 20,567 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Zebra Technologies by 111.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company’s stock valued at $104,671,000 after buying an additional 264,015 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

About Zebra Technologies

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations. The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.