3D Systems Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:DDD)
3D Systems (NYSE:DDD) has been given a consensus rating of “Hold” by the twenty-four analysts that are presently covering the stock, American Banking and Market News reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $67.10.
Shares of 3D Systems (NYSE:DDD) opened at 49.32 on Monday. 3D Systems has a 1-year low of $43.35 and a 1-year high of $97.28. The stock’s 50-day moving average is $52.71 and its 200-day moving average is $56.48. The company has a market cap of $5.421 billion and a P/E ratio of 142.67.
3D Systems (NYSE:DDD) last posted its quarterly earnings results 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. On average, analysts predict that 3D Systems will post $0.78 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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.
In other 3D Systems news, EVP Charles W. Hull unloaded 7,500 shares of 3D Systems stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $49.07, for a total value of $368,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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