Stratasys PT Raised to $165.00 at FBR Capital Markets (SSYS)
FBR Capital Markets lifted their price objective on shares of Stratasys (NASDAQ:SSYS) from $155.00 to $165.00 in a research note issued on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 23.83% from the company’s current price.
SSYS has been the subject of a number of other recent research reports. Analysts at Needham & Company raised their price target on shares of Stratasys from $135.00 to $145.00 in a research note to investors on Thursday, January 2nd. Separately, analysts at Zacks upgraded shares of Stratasys from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 27th. They now have a $156.00 price target on the stock. Finally, analysts at Gabelli upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 23rd. They now have a $122.00 price target on the stock, down previously from $149.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $129.41.
Stratasys (NASDAQ:SSYS) traded up 0.09% on Friday, hitting $133.37. The stock had a trading volume of 419,459 shares. Stratasys has a 1-year low of $60.20 and a 1-year high of $138.10. The stock has a 50-day moving average of $123.8 and a 200-day moving average of $106.4. The company’s market cap is $6.500 billion.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter 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.
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