Zebra Technologies (NASDAQ:ZBRA) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from an underweight rating to an equal weight rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. They currently have $400.00 price target on the industrial products company’s stock, up from their previous price target of $305.00.

ZBRA has been the subject of a number of other research reports. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial restated a “hold” rating and issued a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays increased their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, UBS Group increased their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $393.82.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $411.94 on Monday. The firm has a fifty day moving average of $383.25 and a two-hundred day moving average of $346.13. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of 56.05 and a beta of 1.63. Zebra Technologies has a 52 week low of $232.29 and a 52 week high of $412.94. 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 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts predict that Zebra Technologies will post 12.4 EPS for the current year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds have recently bought and sold shares of ZBRA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zebra Technologies in the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. lifted its stake in Zebra Technologies by 185.3% in the 2nd 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 last quarter. Concord Wealth Partners acquired a new stake in Zebra Technologies in the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC acquired a new stake in Zebra Technologies in the 2nd quarter valued at about $32,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares during the period. 91.03% 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 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.