Stratasys Ltd. (SSYS) Raised to “Strong-Buy” at Vetr Inc.
Stratasys Ltd. (NASDAQ:SSYS) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The firm presently has a $28.67 target price on the stock. Vetr‘s price target would indicate a potential upside of 23.21% from the stock’s previous close.
A number of other equities research analysts also recently commented on SSYS. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, June 28th. Bank of America Corp. reaffirmed an “underperform” rating and issued a $23.00 price objective on shares of Stratasys in a research report on Thursday, August 25th. Brean Capital reaffirmed a “hold” rating on shares of Stratasys in a research report on Wednesday, August 24th. FBR & Co reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Stratasys in a research report on Tuesday, June 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Stratasys in a research report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.48.
Shares of Stratasys (NASDAQ:SSYS) traded down 3.60% during trading on Monday, reaching $23.27. 788,056 shares of the company traded hands. The company’s 50-day moving average price is $22.61 and its 200-day moving average price is $22.74. Stratasys has a 52 week low of $14.48 and a 52 week high of $32.52. The company’s market capitalization is $1.22 billion.
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Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The business earned $172.10 million during the quarter, compared to the consensus estimate of $175.88 million. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. Equities research analysts forecast that Stratasys will post $0.32 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of SSYS. Tower Research Capital LLC TRC acquired a new position in shares of Stratasys during the second quarter worth about $164,000. Creative Planning raised its position in shares of Stratasys by 109.9% in the second quarter. Creative Planning now owns 8,222 shares of the company’s stock worth $188,000 after buying an additional 4,305 shares during the period. BlackRock Inc. raised its position in shares of Stratasys by 165.9% in the second quarter. BlackRock Inc. now owns 8,625 shares of the company’s stock worth $197,000 after buying an additional 5,381 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Stratasys during the second quarter worth about $201,000. Finally, Hsbc Holdings PLC raised its position in shares of Stratasys by 24.6% in the second quarter. Hsbc Holdings PLC now owns 9,632 shares of the company’s stock worth $220,000 after buying an additional 1,900 shares during the period. 63.58% of the stock is owned by institutional investors.
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
To view Vetr’s full report, visit Vetr’s official website.
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