Stratasys Stock Rating Upgraded by Credit Suisse (SSYS)
Stratasys (NASDAQ:SSYS) was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on SSYS. Analysts at Thomson Reuters/Verus upgraded shares of Stratasys from a “sell” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Brean Capital cut their price target on shares of Stratasys from $144.00 to $138.00 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Stratasys from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $125.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $136.19.
Stratasys (NASDAQ:SSYS) traded up 2.40% on Tuesday, hitting $123.45. 1,094,655 shares of the company’s stock traded hands. Stratasys has a one year low of $60.20 and a one year high of $138.10. The stock has a 50-day moving average of $125.3 and a 200-day moving average of $108.9. The company’s market cap is $6.017 billion.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results 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 $1.83 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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