Stratasys (SSYS) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Stratasys (NASDAQ: SSYS) recently:

  • 11/1/2018 – Stratasys was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/1/2018 – Stratasys was given a new $22.00 price target on by analysts at Cowen Inc. They now have a “hold” rating on the stock.
  • 11/1/2018 – Stratasys was given a new $27.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “buy” rating on the stock.
  • 10/26/2018 – Stratasys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Stratasys is benefiting from recovery in sales of high-end products, and improvement in demand from government and other key vertical customers. Moreover, the company's turnaround strategies which include launching innovative products, strategic partnerships and acquisitions, makes us optimistic. Estimates is going up lately ahead of the company’s Q3 earnings release. The company has mixed record of earnings surprises in recent quarters. Its shares have outperformed the industry year to date. Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses.”
  • 10/25/2018 – Stratasys was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Stratasys is benefiting from recovery in sales of high-end products, and improvement in demand from government and other key vertical customers. Moreover, the company's turnaround strategies which include launching innovative products, strategic partnerships and acquisitions, makes us optimistic. Estimates is going up lately ahead of the company’s Q3 earnings release. The company has mixed record of earnings surprises in recent quarters. Its shares have outperformed the industry year to date. Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses.”
  • 10/24/2018 – Stratasys was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/23/2018 – Stratasys was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/17/2018 – Stratasys was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/17/2018 – Stratasys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Stratasys is benefiting from recovery in sales of high-end products, and improvement in demand from government and other key vertical customers. Moreover, the company's turnaround strategies which include launching innovative products, strategic partnerships and acquisitions, makes us optimistic. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has mixed record of earnings surprises in recent quarters. Its shares have outperformed the industry year to date. Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses.”
  • 10/13/2018 – Stratasys was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/1/2018 – Stratasys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Stratasys is benefiting from recovery in sales of high-end products, and improvement in demand from government and other key vertical customers. Moreover, the company's turnaround strategies which include launching innovative products, strategic partnerships and acquisitions, makes us optimistic. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has mixed record of earnings surprises in recent quarters. Shares outperformed the industry on a year-to-date basis. Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses.”
  • 9/18/2018 – Stratasys was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/7/2018 – Stratasys was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/6/2018 – Stratasys was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Stratasys stock traded down $0.43 during trading on Monday, reaching $23.68. The company had a trading volume of 35,085 shares, compared to its average volume of 563,068. Stratasys Ltd has a 1-year low of $17.17 and a 1-year high of $26.17. The stock has a market capitalization of $1.30 billion, a P/E ratio of 182.15, a P/E/G ratio of 7.56 and a beta of 1.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.23 and a current ratio of 3.95.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Stratasys had a negative net margin of 4.10% and a positive return on equity of 1.01%. The firm had revenue of $162.00 million for the quarter, compared to analysts’ expectations of $161.88 million. During the same quarter last year, the company earned $0.08 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Stratasys Ltd will post 0.2 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its stake in Stratasys by 703.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 159,905 shares of the technology company’s stock valued at $3,061,000 after acquiring an additional 140,000 shares during the period. Rhumbline Advisers boosted its stake in Stratasys by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 50,016 shares of the technology company’s stock worth $957,000 after purchasing an additional 2,735 shares during the last quarter. Legal & General Group Plc boosted its stake in Stratasys by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 666,125 shares of the technology company’s stock worth $12,749,000 after purchasing an additional 49,425 shares during the last quarter. ARK Investment Management LLC boosted its stake in Stratasys by 40.7% during the 2nd quarter. ARK Investment Management LLC now owns 6,808,746 shares of the technology company’s stock worth $130,319,000 after purchasing an additional 1,970,216 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Stratasys during the 2nd quarter worth $288,000. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

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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