3D Systems (NYSE:DDD) had its price target lifted by equities researchers at Deutsche Bank from $9.00 to $13.00 in a research note issued on Friday, March 16th. The brokerage presently has a “hold” rating on the 3D printing company’s stock. Deutsche Bank’s target price points to a potential upside of 15.56% from the company’s previous close.
A number of other research firms have also recently issued reports on DDD. Piper Jaffray raised shares of 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 price target on the stock in a research note on Monday, November 20th. Zacks Investment Research raised shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Vetr cut shares of 3D Systems from a “strong-buy” rating to a “buy” rating and set a $11.00 target price on the stock. in a research note on Thursday, January 11th. William Blair reaffirmed an “outperform” rating on shares of 3D Systems in a research note on Thursday, January 25th. Finally, JPMorgan Chase cut shares of 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 target price on the stock. in a research note on Friday, February 9th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.33.
DDD traded down $0.02 during trading on Friday, reaching $11.25. 1,391,213 shares of the company’s stock were exchanged, compared to its average volume of 2,400,448. 3D Systems has a 1 year low of $7.92 and a 1 year high of $23.70. The company has a current ratio of 2.12, a quick ratio of 1.62 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1,280.95, a PE ratio of -19.74 and a beta of 1.43.
3D Systems (NYSE:DDD) last posted its quarterly earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $177.30 million during the quarter, compared to analyst estimates of $164.87 million. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. 3D Systems’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. analysts predict that 3D Systems will post -0.11 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Sciencast Management LP acquired a new stake in shares of 3D Systems in the fourth quarter valued at approximately $106,000. Xact Kapitalforvaltning AB acquired a new stake in shares of 3D Systems in the fourth quarter valued at approximately $116,000. Elkfork Partners LLC acquired a new stake in shares of 3D Systems in the fourth quarter valued at approximately $118,000. Claraphi Advisory Network LLC acquired a new stake in shares of 3D Systems in the fourth quarter valued at approximately $162,000. Finally, New Mexico Educational Retirement Board acquired a new stake in shares of 3D Systems in the fourth quarter valued at approximately $244,000. 64.19% of the stock is owned by institutional investors and hedge funds.
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About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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