Stratasys Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:SSYS)
Shares of Stratasys (NASDAQ:SSYS) have been given an average rating of “Buy” by the twenty-four analysts that are covering the company, American Banking News.com reports. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $139.19.
Stratasys (NASDAQ:SSYS) opened at 115.57 on Monday. Stratasys has a one year low of $85.30 and a one year high of $138.10. The stock’s 50-day moving average is $106.2 and its 200-day moving average is $105.5. The company’s market cap is $5.713 billion.
Stratasys (NASDAQ:SSYS) last released its earnings data on Thursday, August 7th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 67.6% on a year-over-year basis. On average, analysts predict that Stratasys will post $2.30 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Stratasys in a research note on Monday, August 11th. They now have a $120.00 price target on the stock. Separately, analysts at Gabelli downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. Finally, analysts at Piper Jaffray raised their price target on shares of Stratasys from $125.00 to $145.00 in a research note on Friday, August 8th. They now have an “overweight” rating on the stock.
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.