UBS AG Reiterates “Buy” Rating for Stratasys (SSYS)
Stratasys (NASDAQ:SSYS)‘s stock had its “buy” rating restated by equities research analysts at UBS AG in a research note issued to investors on Monday, ARN reports. They currently have a $120.00 target price on the stock, down from their previous target price of $130.00. UBS AG’s price target suggests a potential upside of 34.20% from the company’s current price.
Shares of 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 one year low of $74.54 and a one 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 was the recipient of unusually large options trading activity on Friday. Stock investors bought 5,366 put options on the stock. This represents an increase of 213% compared to the average volume of 1,716 put options.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Brean Capital cut their price target on shares of Stratasys from $150.00 to $130.00 in a research note on Monday. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Stratasys currently has a consensus rating of “Buy” and an average price target of $135.44.
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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