3D Systems Corp. Now Covered by Analysts at Citigroup Inc. (DDD)
Research analysts at Citigroup Inc. started coverage on shares of 3D Systems Corp. (NYSE:DDD) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $125.00 price target on the stock. Citigroup Inc.’s price target would indicate a potential upside of 158.05% from the company’s current price.
DDD has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of 3D Systems Corp. 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. Separately, analysts at Janney Montgomery Scott set a $60.00 price target on shares of 3D Systems Corp. in a research note to investors on Thursday, August 1st. Finally, analysts at William Blair reiterated an “underperform” rating on shares of 3D Systems Corp. in a research note to investors on Wednesday, July 31st.
Two research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the stock. 3D Systems Corp. currently has a consensus rating of “Buy” and an average price target of $60.96.
Shares of 3D Systems Corp. (NYSE:DDD) traded up 7.76% during mid-day trading on Monday, hitting $52.20. The stock had a trading volume of 9,659,750 shares. 3D Systems Corp. has a one year low of $21.5667 and a one year high of $51.94. The stock has a 50-day moving average of $47.56 and a 200-day moving average of $41.55. The company has a market cap of $5.304 billion and a price-to-earnings ratio of 111.87.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters 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 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 Corp. will post $1.02 EPS for the current fiscal year.
In other 3D Systems Corp. news, VP Kevin Mcalea unloaded 30,000 shares of 3D Systems Corp. stock on the open market in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $49.58, for a total transaction of $1,487,400.00. Following the completion of the sale, the vice president now directly owns 182,184 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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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