3D Systems Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:DDD)
3D Systems (NYSE:DDD) has received an average recommendation of “Hold” from the twenty-four brokerages that are covering the stock, American Banking News.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $67.10.
A number of research firms have recently commented on DDD. Analysts at Pacific Crest reiterated an “outperform” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $56.00 price target on the stock, down previously from $59.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $53.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of 3D Systems from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 1st. They now have a $54.00 price target on the stock, down previously from $64.00.
Shares of 3D Systems (NYSE:DDD) traded down 0.53% on Monday, hitting $48.67. The stock had a trading volume of 251,132 shares. 3D Systems has a one year low of $43.35 and a one year high of $97.28. The stock has a 50-day moving average of $54.09 and a 200-day moving average of $57.32. The company has a market cap of $5.350 billion and a P/E ratio of 141.83.
3D Systems (NYSE:DDD) last released its earnings data on Thursday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. Analysts expect that 3D Systems will post $0.78 EPS for the current fiscal year.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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