Stratasys Rating Lowered to Neutral at JPMorgan Chase & Co. (SSYS)
Stratasys (NASDAQ:SSYS) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $125.00 price objective on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 4.72% from the company’s current price. The analysts noted that the move was a valuation call.
Stratasys (NASDAQ:SSYS) traded down 8.18% during mid-day trading on Tuesday, hitting $119.37. The stock had a trading volume of 5,819,908 shares. Stratasys has a 52 week low of $60.20 and a 52 week high of $138.10. The stock’s 50-day moving average is $124.8 and its 200-day moving average is $107.8. The company’s market cap is $5.818 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 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. Analysts expect that Stratasys will post $1.83 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of Stratasys in a research note to investors on Monday. They set an “outperform” rating and a $175.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $134.65.
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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