Stratasys Receives “Neutral” Rating from Zacks (SSYS)
Stratasys (NASDAQ:SSYS)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Monday. They currently have a $120.00 price target on the stock. Zacks‘s price objective points to a potential upside of 4.90% from the stock’s previous close.
Stratasys (NASDAQ:SSYS) traded up 0.31% during mid-day trading on Monday, hitting $114.74. 738,452 shares of the company’s stock traded hands. Stratasys has a 52-week low of $85.30 and a 52-week high of $138.10. The stock’s 50-day moving average is $105.8 and its 200-day moving average is $106.. The company’s market cap is $5.672 billion.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.10. The company had revenue of $178.50 million for the quarter, compared to the consensus estimate of $156.60 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 67.6% on a year-over-year basis. Analysts expect that Stratasys will post $2.30 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Gabelli downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Friday. Separately, analysts at Piper Jaffray raised their price target on shares of Stratasys from $125.00 to $145.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Stratasys to $140.00 in a research note on Friday. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Stratasys presently has a consensus rating of “Buy” and an average price target of $139.19.
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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