3D Systems Corp. Downgraded by Credit Suisse to Neutral (DDD)
3D Systems Corp. (NYSE:DDD) was downgraded by equities research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of 3D Systems Corp. in a research note to investors on Wednesday, January 15th. They set an “equal weight” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of 3D Systems Corp. in a research note to investors on Monday, January 13th. They set an “outperform” rating and a $118.00 price target on the stock. Finally, 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, January 13th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $86.67.
3D Systems Corp. (NYSE:DDD) traded down 5.41% on Tuesday, hitting $85.63. 6,525,405 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 has a 50-day moving average of $86.80 and a 200-day moving average of $63.31. The company has a market cap of $8.801 billion and a P/E ratio of 195.95.
3D Systems Corp. (NYSE:DDD) last released its 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 prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue 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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