FBR Capital Markets Initiates Coverage on Stratasys (SSYS)
Stock analysts at FBR Capital Markets began coverage on shares of Stratasys (NASDAQ:SSYS) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $155.00 price target on the stock. FBR Capital Markets’ target price suggests a potential upside of 30.43% from the stock’s previous close.
The analysts wrote, “Stratasys is a leading additive manufacturing company with a market-leading portfolio of 3D printing machines, materials, and technologies. Our bullish call on SSYS is essentially based on five points: (1) our “stronger for longer” thesis for additive manufacturing that calls for higher-than-expected 3D printing industry growth rates to continue for a longer period of time, benefiting the stronger, innovation-driven companies, such as Stratasys, which have an early-mover advantage; (2) our expectation that Stratasys will deliver above-industry-average growth, driven by penetration of its newer products into the consumer, prototyping, and production markets (including the MakerBot Replicator 2, MakerBot Digitizer, 3Z Solidscape Wax 3D printer, and Objet30 Orthodesk), where our channel checks suggest rapid customer penetration and demand; (3) upside from the largely untapped verticals in medical, dental, and aerospace and in newer applications in industrial markets; (4) potential for significant margin expansion, driven by volume leverage and increasing consumable mix; and (5) likely upside from acquisitions and the addition of newer technologies and materials (including metal). We recognize that current elevated expectations raise the bar on execution and increase the risk for the shares from any external events. That said, we believe high growth rates could sustain SSYS’s valuation and note that its valuation discount relative to peers should provide some cushion. We are buyers at current levels.”
A number of other analysts have also recently weighed in on SSYS. Analysts at Credit Suisse raised their price target on shares of Stratasys from $103.00 to $113.00 in a research note to investors on Monday, November 11th. They now have a “neutral” rating on the stock. Separately, analysts at BB&T Corp. raised their price target on shares of Stratasys to $135.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Stratasys in a research note to investors on Monday, November 11th. They now have a $125.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $119.39.
Shares of Stratasys (NASDAQ:SSYS) opened at 118.84 on Tuesday. Stratasys has a one year low of $60.20 and a one year high of $134.00. The stock’s 50-day moving average is $115.4 and its 200-day moving average is $98.86. The company’s market cap is $5.792 billion.
Stratasys (NASDAQ:SSYS) last released its earnings data on Thursday, November 7th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 38.7% on a year-over-year basis. On average, analysts predict that Stratasys will post $1.84 earnings per share for the current fiscal year.
Stratasys, Inc is a manufacturer of three-dimensional (NASDAQ:SSYS) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.