3D Systems Corp. Coverage Initiated by Analysts at RBC Capital (DDD)
Equities researchers at RBC Capital began coverage on shares of 3D Systems Corp. (NYSE:DDD) in a research report issued on Monday, Analyst Ratings Net reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of 3D Systems Corp. from $95.00 to $115.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of 3D Systems Corp. from $85.00 to $98.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.87.
Shares of 3D Systems Corp. (NYSE:DDD) traded down 3.04% during mid-day trading on Monday, hitting $91.58. 4,870,207 shares of the company’s stock traded hands. 3D Systems Corp. has a 52 week low of $27.88 and a 52 week high of $97.28. The stock’s 50-day moving average is $83.91 and its 200-day moving average is $61.1. The company has a market cap of $9.413 billion and a price-to-earnings ratio of 204.44.
3D Systems Corp. (NYSE:DDD) last released its earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.32 earnings per share. 3D Systems Corp.’s revenue was up 49.9% compared to the same quarter last year. 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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