Zebra Technologies (NASDAQ:ZBRA) Rating Increased to Equal Weight at Morgan Stanley

Zebra Technologies (NASDAQ:ZBRA) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a $400.00 target price on the industrial products company’s stock, up from their prior target price of $305.00. Morgan Stanley’s price target suggests a potential downside of 1.72% from the stock’s current price.

Several other equities research analysts have also weighed in on ZBRA. Truist Financial reaffirmed a “hold” rating and issued a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen lifted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays increased their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.82.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $407.00 on Monday. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 55.37 and a beta of 1.64. The company has a 50-day moving average of $380.51 and a 200-day moving average of $344.40. Zebra Technologies has a 52 week low of $232.29 and a 52 week high of $409.03. 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 (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. As a group, equities research analysts anticipate that Zebra Technologies will post 12.4 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies during the 2nd quarter worth about $27,000. Farmers & Merchants Investments Inc. grew its holdings in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares during the period. Concord Wealth Partners bought a new stake in Zebra Technologies in the third quarter valued at approximately $30,000. Transcendent Capital Group LLC acquired a new stake in Zebra Technologies in the second quarter worth $32,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Company Profile

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.