Robert W. Baird Issues Pessimistic Forecast for Zebra Technologies (NASDAQ:ZBRA) Stock Price

Zebra Technologies (NASDAQ:ZBRA) had its price objective cut by stock analysts at Robert W. Baird from $432.00 to $380.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective suggests a potential upside of 19.36% from the stock’s current price.

A number of other equities research analysts also recently commented on ZBRA. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Barclays reduced their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday. TD Cowen lifted their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $383.08.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $318.36 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a fifty day moving average of $390.48 and a two-hundred day moving average of $373.85. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. Zebra Technologies has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. On average, analysts anticipate that Zebra Technologies will post 11.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV lifted its stake in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies during the fourth quarter worth about $28,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the third quarter worth about $30,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies in the fourth quarter worth about $31,000. Finally, Avalon Trust Co acquired a new position in shares of Zebra Technologies in the fourth quarter worth about $35,000. Institutional investors and hedge funds 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.