Stratasys, Ltd. (SSYS) Given a $29.00 Price Target at Citigroup Inc.
Citigroup Inc. set a $29.00 price objective on Stratasys, Ltd. (NASDAQ:SSYS) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the technology company’s stock.
SSYS has been the topic of several other research reports. Zacks Investment Research raised shares of Stratasys from a hold rating to a buy rating and set a $26.00 target price on the stock in a research note on Friday, September 22nd. Susquehanna Bancshares Inc raised shares of Stratasys from a neutral rating to a positive rating and set a $22.00 price target on the stock in a research note on Friday, October 20th. Cowen and Company set a $27.00 price target on shares of Stratasys and gave the stock a hold rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Stratasys from a strong-buy rating to a buy rating in a research note on Wednesday, August 2nd. Finally, KeyCorp reaffirmed a hold rating on shares of Stratasys in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $24.07.
Shares of Stratasys (NASDAQ:SSYS) traded up $0.49 on Wednesday, hitting $20.85. 947,375 shares of the stock traded hands, compared to its average volume of 792,597. Stratasys has a 1-year low of $16.37 and a 1-year high of $30.88. The stock has a market capitalization of $1,080.00, a P/E ratio of 149.86, a P/E/G ratio of 17.48 and a beta of 1.40. The company has a current ratio of 3.32, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. The business had revenue of $155.90 million for the quarter, compared to the consensus estimate of $160.97 million. The company’s quarterly revenue was down .8% on a year-over-year basis. sell-side analysts forecast that Stratasys will post 0.06 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Stratasys by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,976,182 shares of the technology company’s stock valued at $45,690,000 after buying an additional 17,809 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Stratasys by 46.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,795,494 shares of the technology company’s stock valued at $41,511,000 after buying an additional 566,704 shares in the last quarter. State Street Corp boosted its holdings in shares of Stratasys by 6.5% in the 2nd quarter. State Street Corp now owns 881,966 shares of the technology company’s stock valued at $20,559,000 after buying an additional 53,627 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Stratasys by 280.2% in the 3rd quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock valued at $19,778,000 after buying an additional 630,447 shares in the last quarter. Finally, AXA boosted its holdings in shares of Stratasys by 36.4% in the 2nd quarter. AXA now owns 766,026 shares of the technology company’s stock valued at $17,856,000 after buying an additional 204,629 shares in the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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