Materialise NV Stock Rating Reaffirmed by Piper Jaffray (MTLS)
Materialise NV (NASDAQ:MTLS)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Piper Jaffray in a research note issued to investors on Friday. They currently have a $18.00 price objective on the stock, down from their previous price objective of $19.00. Piper Jaffray’s target price indicates a potential upside of 36.26% from the company’s current price.
Materialise NV (NASDAQ:MTLS) opened at 11.68 on Friday. Materialise NV has a one year low of $10.50 and a one year high of $15.15. The stock’s 50-day moving average is $12.30 and its 200-day moving average is $12.27. The company has a market cap of $549.8 million and a price-to-earnings ratio of 111.01.
Materialise NV (NASDAQ:MTLS) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $26.28 million for the quarter, compared to the consensus estimate of $25.00 million. On average, analysts predict that Materialise NV will post $-0.06 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at KBC Securities initiated coverage on shares of Materialise NV in a research note on Wednesday, August 6th. They set an “accumulate” rating and a $14.00 price target on the stock. Separately, analysts at BB&T Corp. initiated coverage on shares of Materialise NV in a research note on Monday, July 21st. They set a “buy” rating and a $19.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Materialise NV in a research note on Monday, July 21st. They set an “outperform” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.00.
Materialise NV is a Belgium-based company engaged in the field of technology. It specializes in additive manufacturing (NASDAQ:MTLS), also known as three dimensional (3D) printing.
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