Stratasys Receives Average Rating of “Buy” from Analysts (NASDAQ:SSYS)
Stratasys (NASDAQ:SSYS) has earned an average rating of “Buy” from the twenty-three brokerages that are covering the stock, American Banking News reports. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $139.19.
Stratasys (NASDAQ:SSYS) opened at 117.79 on Monday. Stratasys has a 52 week low of $85.30 and a 52 week 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 released its earnings data 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.
SSYS has been the subject of a number of recent research reports. 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.
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