Zebra Technologies (NASDAQ:ZBRA) Cut to Underweight at Morgan Stanley


Share on StockTwits

Zebra Technologies (NASDAQ:ZBRA) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. They presently have a $410.00 price objective on the industrial products company’s stock, up from their prior price objective of $380.00. Morgan Stanley’s price target indicates a potential downside of 17.93% from the stock’s current price.

Several other analysts have also issued reports on ZBRA. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 target price on the stock in a research report on Friday, February 26th. William Blair reissued a “market perform” rating on shares of Zebra Technologies in a research note on Friday, February 19th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $445.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. Finally, Northcoast Research raised shares of Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 price target on the stock in a research note on Monday, March 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $391.00.

Shares of NASDAQ ZBRA opened at $499.56 on Wednesday. The company’s 50-day simple moving average is $484.43 and its 200-day simple moving average is $402.09. Zebra Technologies has a 52-week low of $192.42 and a 52-week high of $518.66. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 54.96 and a beta of 1.54. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.55.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Wednesday, February 10th. The industrial products company reported $4.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.66. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $3.56 earnings per share. Equities research analysts anticipate that Zebra Technologies will post 10.36 EPS for the current fiscal year.

In other news, CEO Anders Gustafsson sold 15,865 shares of the business’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $479.39, for a total value of $7,605,522.35. Following the sale, the chief executive officer now directly owns 205,934 shares of the company’s stock, valued at approximately $98,722,700.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Smith sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $512.00, for a total transaction of $1,024,000.00. Following the completion of the sale, the director now directly owns 10,267 shares in the company, valued at $5,256,704. The disclosure for this sale can be found here. Insiders have sold 51,535 shares of company stock worth $25,429,582 over the last ninety days. 2.00% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $33,000. West Oak Capital LLC acquired a new position in shares of Zebra Technologies in the first quarter valued at approximately $34,000. Ancora Advisors LLC grew its holdings in shares of Zebra Technologies by 47.9% in the fourth quarter. Ancora Advisors LLC now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Huntington National Bank grew its holdings in shares of Zebra Technologies by 1,116.7% in the first quarter. Huntington National Bank now owns 73 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 67 shares in the last quarter. Finally, Adirondack Trust Co. grew its holdings in shares of Zebra Technologies by 166.7% in the fourth quarter. Adirondack Trust Co. now owns 80 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares in the last quarter. 86.36% of the stock is currently owned by institutional investors and hedge funds.

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, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its 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, as well as self-laminating wristbands for use in laser printers.

Featured Story: What sectors are represented in the Hang Seng index?

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.