3D Systems Corp. (NYSE:DDD)‘s stock had its “positive” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports.
3D Systems Corp. (NYSE:DDD) traded up 2.71% during mid-day trading on Thursday, hitting $55.106. The stock had a trading volume of 3,975,663 shares. 3D Systems Corp. has a one year low of $21.5667 and a one year high of $54.78. The stock’s 50-day moving average is $49.67 and its 200-day moving average is $43.00. The company has a market cap of $5.599 billion and a P/E ratio of 123.90. 3D Systems Corp. also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 13,806 put options on the stock. This is an increase of approximately 116% compared to the typical daily volume of 6,401 put options.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.04. The company had revenue of $120.50 million for the quarter, compared to the consensus estimate of $114.63 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, analysts predict that 3D Systems Corp. will post $1.02 earnings per share for the current fiscal year.
DDD has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of 3D Systems Corp. (NYSE:DDD) in a research note to investors on Tuesday. They set an “outperform” rating and a $62.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of 3D Systems Corp. (NYSE:DDD) in a research note to investors on Monday, August 26th. They set a “buy” rating and a $60.00 price target on the stock. Finally, analysts at Zacks downgraded shares of 3D Systems Corp. (NYSE:DDD) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 2nd. They now have a $45.60 price target on the stock.
Two analysts have rated the stock with a sell rating and ten have given a buy rating to the company. 3D Systems Corp. has a consensus rating of “Buy” and a consensus target price of $55.16.
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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