Stratasys Now Covered by Analysts at Stifel Nicolaus (SSYS)
Stifel Nicolaus initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $150.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 27.35% from the company’s current price.
A number of other firms have also recently commented on SSYS. 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. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $139.82.
Stratasys (NASDAQ:SSYS) opened at 117.79 on Friday. Stratasys has a one year low of $85.30 and a one year high of $138.10. The stock has a 50-day moving average of $107.1 and a 200-day moving average of $105.6. The company’s market cap is $5.823 billion.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 67.6% on a year-over-year basis. Analysts expect that Stratasys will post $2.30 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.