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Equities researchers at Jefferies Group initiated coverage on shares of Proto Labs (NASDAQ:PRLB) in a research report issued on Friday. The firm set a “hold” rating and a $75.00 price target on the stock. Jefferies Group’s price target suggests a potential downside of 2.80% from the company’s current price.

Proto Labs (NASDAQ:PRLB) opened at 77.16 on Friday. Proto Labs has a one year low of $57.09 and a one year high of $89.97. The stock has a 50-day moving average of $67.24 and a 200-day moving average of $70.47. The company has a market cap of $1.976 billion and a price-to-earnings ratio of 54.54.

Proto Labs (NASDAQ:PRLB) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter 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.

A number of other analysts have also recently weighed in on PRLB. Analysts at Canaccord Genuity initiated coverage on shares of Proto Labs in a research note on Tuesday. They set a “hold” rating and a $85.00 price target on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $81.02.

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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