Stratasys Coverage Initiated by Analysts at RBC Capital (SSYS)
Stock analysts at RBC Capital began coverage on shares of Stratasys (NASDAQ:SSYS) in a report issued on Monday, Stock Ratings Network.com reports. The firm set an “outperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Stratasys in a research note to investors on Monday. They now have a $160.00 price target on the stock, up previously from $140.00. Separately, analysts at FBR Capital Markets raised their price target on shares of Stratasys from $155.00 to $165.00 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 Stratasys from $135.00 to $145.00 in a research note to investors on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $130.66.
Shares of Stratasys (NASDAQ:SSYS) traded down 2.73% during mid-day trading on Monday, hitting $130.00. 914,120 shares of the company’s stock traded hands. Stratasys has a 52-week low of $60.20 and a 52-week high of $138.10. The stock has a 50-day moving average of $124.0 and a 200-day moving average of $106.. The company’s market cap is $6.336 billion.
Stratasys (NASDAQ:SSYS) last released its earnings data on Thursday, November 7th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.40 earnings per share. Stratasys’s revenue was up 38.7% compared to the same quarter last year. 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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