Stratasys (SSYS) PT Set at $27.00 by Susquehanna Bancshares

Stratasys (NASDAQ:SSYS) has been assigned a $27.00 price target by analysts at Susquehanna Bancshares in a research report issued on Thursday. The brokerage currently has a “buy” rating on the technology company’s stock. Susquehanna Bancshares’ price objective indicates a potential upside of 11.99% from the company’s current price.

SSYS has been the subject of a number of other research reports. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Monday, October 1st. BidaskClub raised shares of Stratasys from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. ValuEngine raised shares of Stratasys from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Finally, Cowen set a $20.00 price objective on shares of Stratasys and gave the company a “hold” rating in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.89.

Shares of SSYS stock opened at $24.11 on Thursday. The stock has a market cap of $1.08 billion, a P/E ratio of 185.46, a P/E/G ratio of 6.30 and a beta of 1.72. The company has a quick ratio of 2.97, a current ratio of 3.66 and a debt-to-equity ratio of 0.02. Stratasys has a 52 week low of $17.17 and a 52 week high of $26.17.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, November 1st. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The business had revenue of $162.00 million during the quarter, compared to the consensus estimate of $161.88 million. Stratasys had a negative net margin of 5.57% and a positive return on equity of 0.78%. Stratasys’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, research analysts forecast that Stratasys will post 0.2 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Stratasys by 5.8% in the 2nd quarter. Rhumbline Advisers now owns 50,016 shares of the technology company’s stock valued at $957,000 after purchasing an additional 2,735 shares during the period. Credit Agricole S A raised its position in shares of Stratasys by 4.1% in the 2nd quarter. Credit Agricole S A now owns 70,870 shares of the technology company’s stock valued at $1,356,000 after buying an additional 2,800 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Stratasys by 4.2% in the 2nd quarter. Systematic Financial Management LP now owns 69,095 shares of the technology company’s stock valued at $1,322,000 after buying an additional 2,810 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Stratasys by 4.6% in the 2nd quarter. California Public Employees Retirement System now owns 78,773 shares of the technology company’s stock valued at $1,508,000 after buying an additional 3,473 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Stratasys by 0.7% in the 2nd quarter. Northern Trust Corp now owns 487,994 shares of the technology company’s stock valued at $9,341,000 after buying an additional 3,504 shares in the last quarter. 76.50% of the stock is owned by hedge funds and other institutional investors.

Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.

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