Research analysts at Jefferies Group assumed coverage on shares of 3D Systems Corp. (NYSE:DDD) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $102.00 price target on the stock. Jefferies Group’s price target points to a potential upside of 26.74% from the stock’s previous close.
The analysts wrote, “3D Systems represents the most complete player in the 3D printing industry today. While much of the company was built through acquisitions, the company now spans software (that will become an increasing focus going forward), service bureau, consumables, and the actual printers themselves. We believe this end-to-end capability is currently unrivaled but will likely be emulated by others. This capability also has the benefit of acting as a strategic partner for many high-end manufacturers and if they are successful could allow them to become a standard much in the same way as Siemens and Fanuc are standards in the machining, CNC, and tooling industry where their standards for machine programming help determine tool paths. That ability would solidify 3D Systems as a longer-term high-margin player..”
Shares of 3D Systems Corp. (NYSE:DDD) traded down 2.70% on Tuesday, hitting $78.31. 3,495,349 shares of the company’s stock traded hands. 3D Systems Corp. has a one year low of $27.88 and a one year high of $84.85. The stock has a 50-day moving average of $70.70 and a 200-day moving average of $54.75. The company has a market cap of $8.049 billion and a P/E ratio of 174.20.
3D Systems Corp. (NYSE:DDD) last announced its earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. The company had revenue of $135.70 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 49.9% on a year-over-year basis. On average, analysts predict that 3D Systems Corp. will post $0.96 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of 3D Systems Corp. in a research note to investors on Monday. They set a “buy” rating and a $95.00 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of 3D Systems Corp. in a research note to investors on Monday. They set an “outperform” rating and a $96.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of 3D Systems Corp. in a research note to investors on Wednesday, December 4th. They now have a $76.00 price target on the stock, up previously from $65.00. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $78.47.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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