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Research analysts at Stifel Nicolaus began coverage on shares of 3D Systems (NYSE:DDD) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $65.00 price target on the stock. Stifel Nicolaus’ price objective points to a potential upside of 22.20% from the stock’s previous close.

Shares of 3D Systems (NYSE:DDD) opened at 53.19 on Friday. 3D Systems has a 52 week low of $43.35 and a 52 week high of $97.28. The stock has a 50-day moving average of $52. and a 200-day moving average of $55.87. The company has a market cap of $5.847 billion and a P/E ratio of 152.67.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.16 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.20 earnings per share. 3D Systems’s revenue was up 25.4% compared to the same quarter last year. Analysts expect that 3D Systems will post $0.78 EPS for the current fiscal year.

In other 3D Systems news, CFO Damon Joseph Gregoire sold 50,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $52.72, for a total transaction of $2,636,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

DDD has been the subject of a number of other recent research reports. 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.99.

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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