3D Systems Corp. Price Target Raised to $98.00 at FBR Capital Markets (DDD)
Equities researchers at FBR Capital Markets lifted their price target on shares of 3D Systems Corp. (NYSE:DDD) from $85.00 to $98.00 in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would suggest a potential upside of 2.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company raised their price target on shares of 3D Systems Corp. to $100.00 in a research note to investors on Thursday, January 2nd. Separately, analysts at Canaccord Genuity raised their price target on shares of 3D Systems Corp. from $85.00 to $95.00 in a research note to investors on Tuesday, December 24th. They now have a “buy” rating on the stock. Finally, analysts at Gabelli reiterated a “hold” rating on shares of 3D Systems Corp. in a research note to investors on Monday, December 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $82.53.
Shares of 3D Systems Corp. (NYSE:DDD) traded down 1.67% during mid-day trading on Friday, hitting $94.44. The stock had a trading volume of 3,337,956 shares. 3D Systems Corp. has a 52 week low of $27.88 and a 52 week high of $97.28. The stock has a 50-day moving average of $83.23 and a 200-day moving average of $60.72. The company has a market cap of $9.707 billion and a price-to-earnings ratio of 207.88.
3D Systems Corp. (NYSE:DDD) last announced its earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. The company had revenue of $135.70 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 49.9% on a year-over-year basis. Analysts expect that 3D Systems Corp. will post $0.97 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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