Stephens Initiates Coverage on 3D Systems Corp. (DDD)
Stephens assumed coverage on shares of 3D Systems Corp. (NYSE:DDD) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “equal weight” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of 3D Systems Corp. in a research note to investors on Monday. They set an “outperform” rating and a $118.00 price target on the stock. Separately, 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. Finally, 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, January 10th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.00.
3D Systems Corp. (NYSE:DDD) traded down 3.04% on Wednesday, hitting $88.44. The stock had a trading volume of 4,001,396 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 $85.04 and a 200-day moving average of $62.03. The company has a market cap of $9.090 billion and a P/E ratio of 197.42. 3D Systems Corp. also saw unusually large options trading on Tuesday. Stock investors acquired 31,466 call options on the company. This is an increase of approximately 112% compared to the typical daily volume of 14,868 call options.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 49.9% on a year-over-year basis. On average, analysts predict that 3D Systems Corp. will post $0.97 earnings per share 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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