KeyCorp Reaffirms Buy Rating for Materialise NV (MTLS)
KeyCorp restated their buy rating on shares of Materialise NV (NASDAQ:MTLS) in a research report report published on Friday morning. KeyCorp currently has a $18.00 price objective on the software maker’s stock.
Several other research analysts have also weighed in on the company. Zacks Investment Research raised Materialise NV from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Friday, September 1st. Piper Jaffray Companies increased their target price on Materialise NV to $18.50 and gave the stock an overweight rating in a research report on Monday, July 31st. Finally, Credit Suisse Group increased their target price on Materialise NV from $13.00 to $14.00 and gave the stock an outperform rating in a research report on Friday, August 11th. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of $15.40.
Materialise NV (NASDAQ MTLS) opened at $14.50 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. Materialise NV has a 52-week low of $6.50 and a 52-week high of $16.50.
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A number of hedge funds and other institutional investors have recently made changes to their positions in MTLS. First Mercantile Trust Co. acquired a new stake in Materialise NV in the 2nd quarter valued at $106,000. First Manhattan Co. acquired a new stake in Materialise NV in the 2nd quarter valued at $111,000. Symmetry Peak Management LLC acquired a new stake in Materialise NV in the 2nd quarter valued at $119,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Materialise NV in the 2nd quarter valued at $223,000. Finally, FCG Advisors LLC acquired a new stake in Materialise NV in the 2nd quarter valued at $237,000. Hedge funds and other institutional investors own 11.59% of the company’s stock.
About Materialise NV
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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