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Stock analysts at Bank of America Corp. assumed coverage on shares of 3D Systems Corp. (NYSE:DDD) in a report issued on Monday, Analyst Ratings Network reports. The firm set a “buy” rating and a $65.00 price target on the stock. Bank of America Corp.’s target price suggests a potential upside of 21.52% from the stock’s previous close.

The analysts wrote, “We are initiating coverage on 3D Systems with a Buy rating and price objective of $65. In our opinion, the additive manufacturing (AM) space has a rapidly growing Total Available Market size (22% CAGR through 2017) and 3D Systems with a broad array of technologies is attractively positioned to take advantage of this disruptive technology. The market remains an early stage opportunity with significant potential for growth.”

3D Systems Corp. (NYSE:DDD) traded up 1.12% during mid-day trading on Monday, hitting $54.09. The stock had a trading volume of 671,128 shares. 3D Systems Corp. has a one year low of $21.5667 and a one year high of $55.44. The stock has a 50-day moving average of $50.0 and a 200-day moving average of $43.21. The company has a market cap of $5.496 billion and a P/E ratio of 123.53.

3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that 3D Systems Corp. will post $1.02 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on DDD. Analysts at Canaccord Genuity reiterated a “positive” rating on shares of 3D Systems Corp. (NYSE:DDD) in a research note to investors on Thursday. Separately, analysts at Credit Suisse initiated coverage on shares of 3D Systems Corp. (NYSE:DDD) in a research note to investors on Tuesday, September 17th. They set an “outperform” rating and a $62.00 price target on the stock. Finally, 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.

Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $56.05.

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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