3D Systems Stock Rating Lowered by Pacific Crest (DDD)
3D Systems (NYSE:DDD) was downgraded by equities research analysts at Pacific Crest from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on DDD. Analysts at Needham & Company LLC reiterated a “buy” rating on shares of 3D Systems in a research note on Tuesday. They now have a $65.00 price target on the stock, down previously from $70.00. Separately, analysts at Stifel Nicolaus initiated coverage on shares of 3D Systems in a research note on Friday, August 29th. They set a “buy” rating and a $65.00 price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $67.46.
In other 3D Systems news, CEO Abraham N. Reichental unloaded 52,300 shares of 3D Systems stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $53.20, for a total value of $2,782,360.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of 3D Systems (NYSE:DDD) opened at 51.83 on Thursday. 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 $51.36 and a 200-day moving average of $55.31. The company has a market cap of $5.697 billion and a P/E ratio of 152.75.
3D Systems (NYSE:DDD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts expect that 3D Systems will post $0.78 EPS for the current fiscal year.
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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