3D Systems Corp. Hits New 52-Week High at $56.85 (DDD)
Shares of 3D Systems Corp. (NYSE:DDD) hit a new 52-week high during trading on Thursday, Analyst RN reports. The stock traded as high as $56.85 and last traded at $56.68, with a volume of 3,279,479 shares trading hands. The stock had previously closed at $55.25.
A number of analysts have recently weighed in on DDD shares. Analysts at Piper Jaffray Cos. raised their price target on shares of 3D Systems Corp. from $52.00 to $61.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Zacks upgraded shares of 3D Systems Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $55.00 price target on the stock. Finally, analysts at William Blair reiterated an “underperform” rating on shares of 3D Systems Corp. in a research note to investors on Monday, September 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.73.
3D Systems Corp. has a 1-year low of $23.04 and a 1-year high of $56.23. The stock has a 50-day moving average of $53.18 and a 200-day moving average of $46.11. The company has a market cap of $5.767 billion and a P/E ratio of 127.60.
3D Systems Corp. (NYSE:DDD) last announced its earnings results 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 $1.01 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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