Citigroup Inc. Reiterates Hold Rating for Voxeljet AG (VJET)
Voxeljet AG (NASDAQ:VJET)‘s stock had its “hold” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a $16.00 target price on the stock, down from their previous target price of $30.00. Citigroup Inc.’s price objective indicates a potential upside of 17.65% from the company’s current price.
Voxeljet AG (NASDAQ:VJET) traded down 1.39% on Monday, hitting $13.411. 111,296 shares of the company’s stock traded hands. Voxeljet AG has a 52 week low of $12.85 and a 52 week high of $70.00. The stock’s 50-day moving average is $17.59 and its 200-day moving average is $32.65. The company’s market cap is $209.2 million.
Voxeljet AG (NASDAQ:VJET) last released its earnings data on Thursday, May 15th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.03. On average, analysts predict that Voxeljet AG will post $-0.13 earnings per share for the current fiscal year.
A number of other firms have also recently commented on VJET. Analysts at Jefferies Group cut their price target on shares of Voxeljet AG from $27.00 to $13.50 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Voxeljet AG from $35.00 to $30.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock.
Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (NASDAQ:VJET) printers.
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