Bank of America Corp. Analysts Give 3D Systems Corp. (DDD) a $25.00 Price Target
Bank of America Corp. set a $25.00 price objective on 3D Systems Corp. (NYSE:DDD) in a report released on Tuesday morning. The brokerage currently has a a buy rating on the 3D printing company’s stock.
Several other brokerages have also issued reports on DDD. Jefferies Group increased their price target on shares of 3D Systems Corp. from $13.00 to $15.00 and gave the stock a hold rating in a research note on Thursday, August 4th. Vetr lowered shares of 3D Systems Corp. from a sell rating to a strong sell rating and set a $11.10 price target for the company. in a research note on Monday, July 25th. Canaccord Genuity reiterated a hold rating and issued a $14.00 price target on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. FBR & Co initiated coverage on shares of 3D Systems Corp. in a research note on Tuesday, May 24th. They issued a market perform rating and a $14.50 price target for the company. Finally, JPMorgan Chase & Co. reissued a sell rating on shares of 3D Systems Corp. in a research report on Wednesday, July 20th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. 3D Systems Corp. currently has an average rating of Hold and a consensus target price of $14.13.
Shares of 3D Systems Corp. (NYSE:DDD) opened at 15.82 on Tuesday. The company’s market cap is $1.78 billion. 3D Systems Corp. has a 12 month low of $6.00 and a 12 month high of $19.76. The firm has a 50-day moving average of $14.96 and a 200 day moving average of $14.32.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company earned $158.10 million during the quarter, compared to analyst estimates of $161.01 million. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. 3D Systems Corp.’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. On average, analysts expect that 3D Systems Corp. will post $0.39 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new stake in 3D Systems Corp. during the second quarter worth approximately $172,000. M&T Bank Corp boosted its stake in 3D Systems Corp. by 5.5% in the first quarter. M&T Bank Corp now owns 11,773 shares of the 3D printing company’s stock worth $182,000 after buying an additional 612 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in 3D Systems Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 14,771 shares of the 3D printing company’s stock worth $202,000 after buying an additional 1,805 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in 3D Systems Corp. by 14.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,070 shares of the 3D printing company’s stock worth $206,000 after buying an additional 1,910 shares during the last quarter. Finally, Advisor Group Inc. purchased a new stake in 3D Systems Corp. during the second quarter worth approximately $211,000. Institutional investors own 50.16% of the company’s stock.
3D Systems Corp. Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.
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