Stratasys’s “Buy” Rating Reaffirmed at Jefferies Group (SSYS)
Stratasys (NASDAQ:SSYS)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued on Monday, Analyst RN reports. They currently have a $140.00 price target on the stock, down from their previous price target of $155.00. Jefferies Group’s target price points to a potential upside of 56.56% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at UBS AG reiterated a “buy” rating on shares of Stratasys in a research note on Monday. They now have a $120.00 price target on the stock, down previously from $130.00. Separately, analysts at Piper Jaffray cut their price target on shares of Stratasys from $154.00 to $125.00 in a research note on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Craig Hallum downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $90.00 price target on the stock, down previously from $135.00. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Stratasys currently has an average rating of “Buy” and a consensus target price of $135.44.
Stratasys (NASDAQ:SSYS) traded down 0.53% on Monday, hitting $89.42. 1,770,693 shares of the company’s stock traded hands. Stratasys has a 1-year low of $74.54 and a 1-year high of $138.10. The stock’s 50-day moving average is $100.9 and its 200-day moving average is $115.5. The company’s market cap is $4.411 billion. Stratasys also saw some unusual options trading on Friday. Traders purchased 5,366 put options on the stock. This represents an increase of approximately 213% compared to the typical daily volume of 1,716 put options.
Stratasys (NASDAQ:SSYS) last released its earnings data on Friday, May 9th. The company reported $0.40 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.40. The company had revenue of $150.90 million for the quarter, compared to the consensus estimate of $143.31 million. During the same quarter last year, the company posted $0.43 earnings per share. Stratasys’s revenue was up 54.0% compared to the same quarter last year. Analysts expect that Stratasys will post $2.22 EPS 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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