3D Systems Corp. Upgraded to Neutral by Zacks (DDD)
3D Systems Corp. (NYSE:DDD) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a $55.00 price target on the stock. Zacks‘ price target would indicate a potential downside of 1.49% from the company’s current price.
A number of other analysts have also recently weighed in on DDD. Analysts at William Blair reiterated an “underperform” rating on shares of 3D Systems Corp. (NYSE:DDD) in a research note to investors on Monday. Separately, analysts at Bank of America Corp. initiated coverage on shares of 3D Systems Corp. (NYSE:DDD) in a research note to investors on Monday, September 23rd. They set a “buy” rating and a $65.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “positive” rating on shares of 3D Systems Corp. (NYSE:DDD) in a research note to investors on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. 3D Systems Corp. presently has a consensus rating of “Buy” and an average target price of $56.91.
Shares of 3D Systems Corp. (NYSE:DDD) traded up 3.41% during mid-day trading on Tuesday, hitting $55.83. 2,713,674 shares of the company’s stock traded hands. 3D Systems Corp. has a one year low of $22.34 and a one year high of $56.23. The stock has a 50-day moving average of $51.39 and a 200-day moving average of $44.32. The company has a market cap of $5.673 billion and a P/E ratio of 124.69.
3D Systems Corp. (NYSE:DDD) last released its 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 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 $1.01 EPS for the current fiscal year.
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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