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Equities researchers at Canaccord Genuity assumed coverage on shares of Proto Labs (NASDAQ:PRLB) in a research report issued on Tuesday. The firm set a “hold” rating and a $85.00 price target on the stock. Canaccord Genuity’s price target points to a potential upside of 7.64% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Proto Labs from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 8th. They now have a $66.10 price target on the stock. Separately, analysts at Piper Jaffray cut their price target on shares of Proto Labs from $90.00 to $78.00 in a research note on Friday, May 2nd. Finally, analysts at TheStreet downgraded shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $82.68.

Shares of Proto Labs (NASDAQ:PRLB) traded up 0.80% during mid-day trading on Tuesday, hitting $78.97. The stock had a trading volume of 451,709 shares. Proto Labs has a 1-year low of $57.09 and a 1-year high of $89.97. The stock has a 50-day moving average of $66.25 and a 200-day moving average of $70.3. The company has a market cap of $2.023 billion and a price-to-earnings ratio of 54.78.

Proto Labs (NASDAQ:PRLB) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. The company had revenue of $46.10 million for the quarter, compared to the consensus estimate of $46.72 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. Analysts expect that Proto Labs will post $1.79 EPS for the current fiscal year.

Proto Labs, Inc (NASDAQ:PRLB) is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production.

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