Proto Labs (NYSE:PRLB) Lowered to Hold at ValuEngine

ValuEngine lowered shares of Proto Labs (NYSE:PRLB) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a buy rating to a hold rating in a report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $134.00.

NYSE PRLB traded up $1.63 on Thursday, hitting $108.70. The stock had a trading volume of 41,974 shares, compared to its average volume of 190,951. Proto Labs has a 52-week low of $94.20 and a 52-week high of $166.60. The company has a quick ratio of 4.67, a current ratio of 4.89 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.89 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.57. The business has a 50-day moving average of $105.68.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.08. The firm had revenue of $113.50 million for the quarter, compared to analyst estimates of $115.24 million. Proto Labs had a net margin of 16.41% and a return on equity of 13.86%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. Equities research analysts expect that Proto Labs will post 2.47 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Executive Wealth Management LLC bought a new stake in Proto Labs in the 4th quarter worth $30,000. Parallel Advisors LLC bought a new stake in Proto Labs in the 1st quarter worth $34,000. Brand Asset Management Group Inc. bought a new stake in Proto Labs in the 1st quarter worth $45,000. Icon Wealth Partners LLC bought a new stake in Proto Labs in the 1st quarter worth $57,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Proto Labs in the 1st quarter worth $109,000. 91.13% of the stock is currently owned by institutional investors.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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