UBS Group Trims Zebra Technologies (NASDAQ: ZBRA) Target Price to $ 540.00


Zebra Technologies (NASDAQ: ZBRAGet Rating) had its target price dropped by research analysts at UBS Group to $ 540.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. UBS Group’s price objective would indicate a potential upside of 61.30% from the stock’s current price.

ZBRA has been the topic of several other research reports. Robert W. Baird dropped their price objective on Zebra Technologies from $ 550.00 to $ 440.00 in a research note on Wednesday, May 4th. JPMorgan Chase & Co. raised Zebra Technologies from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $ 530.00 to $ 500.00 in a research note on Monday, April 4th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley raised Zebra Technologies from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $ 400.00 to $ 335.00 in a research note on Monday, May 23rd. Finally, Needham & Company LLC dropped their price target on Zebra Technologies from $ 535.00 to $ 500.00 in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $ 497.00.

Shares of NASDAQ: ZBRA traded down $ 12.30 during midday trading on Friday, hitting $ 334.77. The company had a trading volume of 359,157 shares, compared to its average volume of 472,991. Zebra Technologies has a 12 month low of $ 309.00 and a 12 month high of $ 615.00. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.31. The stock has a market cap of $ 17.58 billion, a price-to-earnings ratio of 22.11 and a beta of 1.61. The firm has a fifty day simple moving average of $ 372.21 and a 200 day simple moving average of $ 463.29.

Zebra Technologies (NASDAQ: ZBRAGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $ 3.76 EPS for the quarter, topping the consensus estimate of $ 3.48 by $ 0.28. The business had revenue of $ 1.43 billion for the quarter, compared to the consensus estimate of $ 1.37 billion. Zebra Technologies had a return on equity of 31.20% and a net margin of 14.25%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $ 4.47 EPS. Equities analysts forecast that Zebra Technologies will post 17.83 EPS for the current fiscal year.

Zebra Technologies declared that its board has approved a share repurchase program on Tuesday, May 17th that allows the company to buyback $ 1.00 billion in shares. This buyback authorization allows the industrial products company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Zebra Technologies by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,936,255 shares of the company’s industrial products stock worth $ 2,455,830,000 after purchasing an additional 33,572 shares during the period. BlackRock Inc. boosted its holdings in shares of Zebra Technologies by 7.3% during the first quarter. BlackRock Inc. now owns 5,689,615 shares of the company’s industrial products stock worth $ 2,353,794,000 after acquiring an additional 387,318 shares during the period. State Street Corp. boosted its holdings in shares of Zebra Technologies by 2.5% during the fourth quarter. State Street Corp now owns 2,183,570 shares of the company’s industrial products stock worth $ 1,299,661,000 after acquiring an additional 53,557 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Zebra Technologies by 5.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,306,119 shares of the company’s industrial products stock worth $ 777,402,000 after acquiring an additional 67,091 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Zebra Technologies by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,139,688 shares of the company’s industrial products stock worth $ 678,342,000 after acquiring an additional 39,547 shares during the period. Institutional investors and hedge funds own 85.30% of the company’s stock.

About Zebra Technologies (Get Rating)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

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