Zebra Technologies (NASDAQ:ZBRA) Given New $427.00 Price Target at Morgan Stanley

Zebra Technologies (NASDAQ:ZBRA) had its price target upped by analysts at Morgan Stanley from $400.00 to $427.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s target price indicates a potential upside of 4.43% from the stock’s current price.

Several other equities analysts have also recently issued reports on ZBRA. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. 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. Needham & Company LLC raised their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Truist Financial reissued a “hold” rating and issued a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $396.27.

Zebra Technologies Trading Up 0.5 %

NASDAQ ZBRA opened at $408.90 on Tuesday. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 55.63 and a beta of 1.63. 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 one year low of $233.95 and a one year high of $413.43. The company’s 50 day moving average price is $389.46 and its 200 day moving average price is $350.98.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. On average, sell-side analysts predict that Zebra Technologies will post 12.4 EPS for the current year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ZBRA. Sequoia Financial Advisors LLC acquired a new position in Zebra Technologies in the third quarter valued at about $247,000. Point72 DIFC Ltd acquired a new stake in Zebra Technologies during the 3rd quarter worth approximately $2,113,000. Versor Investments LP acquired a new position in shares of Zebra Technologies in the third quarter valued at approximately $1,752,000. Cerity Partners LLC increased its position in shares of Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Zebra Technologies by 1,087.2% during the second quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 1,533 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

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.