Zebra Technologies (NASDAQ:ZBRA) Cut to “Buy” at Wall Street Zen

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

Several other brokerages have also issued reports on ZBRA. BNP Paribas Exane cut their target price 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. Weiss Ratings raised shares of Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Zacks Research downgraded Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Morgan Stanley upped their price objective on Zebra Technologies from $360.00 to $380.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. Finally, Barclays upped their price target on Zebra Technologies from $416.00 to $432.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $388.15.

Zebra Technologies Stock Down 2.9%

ZBRA opened at $317.83 on Tuesday. The stock has a fifty day moving average of $362.38 and a 200-day moving average of $283.98. The company has a market capitalization of $15.14 billion, a P/E ratio of 19.01 and a beta of 1.61. Zebra Technologies has a fifty-two week low of $199.05 and a fifty-two week high of $392.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.36 and a current ratio of 0.57.

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, equities analysts expect that Zebra Technologies will post 18.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Provenance Wealth Advisors LLC grew its position in shares of Zebra Technologies by 7,450.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 151 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 149 shares during the period. Heritage Family Offices LLP acquired a new stake in Zebra Technologies during the 3rd quarter worth approximately $71,000. Fulcrum Asset Management LLP acquired a new position in Zebra Technologies during the 3rd quarter worth approximately $79,000. Parkside Financial Bank & Trust boosted its holdings in Zebra Technologies by 33.7% during the second quarter. Parkside Financial Bank & Trust now owns 222 shares of the industrial products company’s stock worth $58,000 after buying an additional 56 shares in the last quarter. Finally, Community Financial Services Group LLC lifted its holdings in shares of Zebra Technologies by 57.0% in the third quarter. Community Financial Services Group LLC now owns 223 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 81 shares in the last quarter. 91.03% of the stock is 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.