3D Systems (NYSE: DDD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday. They currently have a $41.50 target price on the stock.
Shares of 3D Systems traded down 0.70% during mid-day trading on Friday, hitting $36.70. 3D Systems has a one year low of $13.9267 and a one year high of $47.9867. The stock’s 50-day moving average is currently $41.11. The company has a market cap of $2.123 billion and a P/E ratio of 52.06.
3D Systems last posted its quarterly earnings results on Monday, February 25th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.01. The company had revenue of $101.60 million for the quarter, compared to the consensus estimate of $103.86 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 44.5% on a year-over-year basis. Analysts expect that 3D Systems will post $1.05 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DDD. Analysts at Canaccord Genuity cut their price target on shares of 3D Systems from $50.00 to $45.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Maxim Group cut their price target on shares of 3D Systems to $40.00 in a research note to investors on Tuesday. Finally, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of 3D Systems in a research note to investors on Tuesday. They now have a $37.00 price target on the stock, down previously from $40.00.
3D Systems Corporation (3D Systems) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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