Needham & Company Reiterates Buy Rating for 3D Systems Corp. (DDD)
3D Systems Corp. (NYSE:DDD)‘s stock had its “buy” rating restated by equities researchers at Needham & Company in a research report issued on Thursday, StockRatingsNetwork.com reports.
3D Systems Corp. (NYSE:DDD) opened at 64.10 on Thursday. 3D Systems Corp. has a 1-year low of $27.88 and a 1-year high of $97.28. The stock’s 50-day moving average is $87.25 and its 200-day moving average is $65.63. The company has a market cap of $6.588 billion and a price-to-earnings ratio of 163.98. 3D Systems Corp. also was the target of unusually large options trading on Wednesday. Stock traders bought 29,848 call options on the company. This represents an increase of 125% compared to the typical volume of 13,241 call options.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of 3D Systems Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 21st. They noted that the move was a valuation call. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. 3D Systems Corp. has an average rating of “Buy” and an average price target of $85.71.
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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