Bank of America Corp. Analysts Give 3D Systems Corp. (DDD) a $25.00 Price Target
Bank of America Corp. set a $25.00 price target on 3D Systems Corp. (NYSE:DDD) in a research report report published on Tuesday. The firm currently has a a buy rating on the 3D printing company’s stock.
Several other equities analysts also recently issued reports on DDD. Pacific Crest restated a hold rating on shares of 3D Systems Corp. in a report on Tuesday, September 13th. Jefferies Group upped their price objective on shares of 3D Systems Corp. from $13.00 to $15.00 and gave the company a hold rating in a report on Thursday, August 4th. Vetr downgraded shares of 3D Systems Corp. from a strong-buy rating to a buy rating and set a $13.73 price objective on the stock. in a report on Wednesday, June 15th. FBR & Co reiterated a marketperform rating on shares of 3D Systems Corp. in a research report on Monday, May 23rd. Finally, Zacks Investment Research upgraded 3D Systems Corp. from a strong sell rating to a hold rating in a research report on Tuesday, July 5th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $14.13.
Shares of 3D Systems Corp. (NYSE:DDD) opened at 15.82 on Tuesday. 3D Systems Corp. has a 1-year low of $6.00 and a 1-year high of $19.76. The company’s market cap is $1.78 billion. The firm’s 50-day moving average is $14.96 and its 200-day moving average is $14.32.
3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. The firm had revenue of $158.10 million for the quarter, compared to the consensus estimate of $161.01 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities analysts forecast that 3D Systems Corp. will post $0.39 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp purchased a new position in 3D Systems Corp. during the first quarter valued at approximately $387,000. M&T Bank Corp increased its position 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 valued at $182,000 after buying an additional 612 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in 3D Systems Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,046,563 shares of the 3D printing company’s stock valued at $47,130,000 after buying an additional 7,977 shares in the last quarter. BlackRock Fund Advisors increased its position in 3D Systems Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 3,972,317 shares of the 3D printing company’s stock valued at $61,452,000 after buying an additional 22,993 shares in the last quarter. Finally, BlackRock Group LTD increased its position in 3D Systems Corp. by 26.6% in the first quarter. BlackRock Group LTD now owns 65,784 shares of the 3D printing company’s stock valued at $1,017,000 after buying an additional 13,842 shares in the last quarter. 50.16% of the stock is owned by hedge funds and other institutional investors.
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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