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Equities researchers at Goldman Sachs assumed coverage on shares of 3D Systems (NYSE:DDD) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $63.00 price target on the stock. Goldman Sachs’ target price points to a potential upside of 31.06% from the stock’s previous close.

Shares of 3D Systems (NYSE:DDD) traded down 3.77% during mid-day trading on Monday, hitting $46.26. The stock had a trading volume of 7,126,583 shares. 3D Systems has a 52-week low of $31.11 and a 52-week high of $97.28. The stock has a 50-day moving average of $62.40 and a 200-day moving average of $70.70. The company has a market cap of $4.774 billion and a price-to-earnings ratio of 107.30.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Friday, February 28th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $154.80 million for the quarter, compared to the consensus estimate of $154.98 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 52.4% on a year-over-year basis. On average, analysts predict that 3D Systems will post $0.81 earnings per share for the current fiscal year.

A number of other firms have also recently commented on DDD. Analysts at UBS AG initiated coverage on shares of 3D Systems in a research note on Monday, March 31st. They set a “neutral” rating and a $62.00 price target on the stock. Separately, analysts at Bank of America cut their price target on shares of 3D Systems from $60.00 to $55.00 in a research note on Monday, March 31st. They now have an “underperform” rating on the stock. Finally, analysts at TheStreet downgraded shares of 3D Systems to a “hold” rating in a research note on Friday, March 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. 3D Systems presently has an average rating of “Hold” and an average target price of $82.49.

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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