Canaccord Genuity Group Inc. Upgrades The ExOne Company (XONE) to “Buy”

The ExOne Company (NASDAQ:XONE) was upgraded by investment analysts at Canaccord Genuity Group Inc. from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $13.00 target price on the industrial products company’s stock, up from their previous target price of $9.50. Canaccord Genuity Group Inc.’s price objective would suggest a potential upside of 13.64% from the company’s current price.

Other research analysts have also issued reports about the company. raised The ExOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.50 to $13.00 in a report on Monday. reissued a “buy” rating on shares of The ExOne in a report on Wednesday, November 1st. FBR & Co reissued a “buy” rating and set a $15.00 target price (down from $18.00) on shares of The ExOne in a report on Monday, August 14th. raised The ExOne from a “strong sell” rating to a “hold” rating in a report on Thursday, October 12th. Finally, lowered The ExOne from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $13.67.

The ExOne (NASDAQ:XONE) opened at $11.44 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.62 and a debt-to-equity ratio of 0.02. The ExOne has a 1-year low of $6.72 and a 1-year high of $14.43.

The ExOne (NASDAQ:XONE) last posted its earnings results on Thursday, November 9th. The industrial products company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.13). The business had revenue of $15.89 million for the quarter, compared to analyst estimates of $16.05 million. The ExOne had a negative return on equity of 25.42% and a negative net margin of 39.52%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) earnings per share. analysts anticipate that The ExOne will post -0.96 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of XONE. Wells Fargo & Company MN grew its holdings in The ExOne by 329.5% in the 1st quarter. Wells Fargo & Company MN now owns 16,864 shares of the industrial products company’s stock valued at $172,000 after buying an additional 12,938 shares in the last quarter. UBS Group AG grew its holdings in The ExOne by 22.5% in the 1st quarter. UBS Group AG now owns 74,999 shares of the industrial products company’s stock valued at $765,000 after buying an additional 13,775 shares in the last quarter. KCG Holdings Inc. acquired a new position in The ExOne in the 1st quarter valued at $181,000. Essex Investment Management Co. LLC grew its holdings in The ExOne by 83.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 149,452 shares of the industrial products company’s stock valued at $1,711,000 after buying an additional 68,187 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in The ExOne in the 2nd quarter valued at $224,000. 25.39% of the stock is currently owned by hedge funds and other institutional investors.

About The ExOne

The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.

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