Voxeljet (VJET) Stock Rating Reaffirmed by Cowen

Voxeljet (NYSE:VJET)‘s stock had its “buy” rating reiterated by Cowen in a note issued to investors on Friday. They currently have a $6.00 price target on the technology company’s stock. Cowen’s target price would indicate a potential upside of 79.10% from the company’s current price.

A number of other brokerages also recently commented on VJET. TheStreet upgraded Voxeljet from a “d” rating to a “c-” rating in a research report on Monday, November 13th. ValuEngine downgraded Voxeljet from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Finally, Zacks Investment Research downgraded Voxeljet from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.33.

Shares of Voxeljet (NYSE:VJET) opened at $3.35 on Friday. The company has a quick ratio of 3.44, a current ratio of 5.02 and a debt-to-equity ratio of 0.14. Voxeljet has a 52-week low of $2.61 and a 52-week high of $6.37. The company has a market capitalization of $66.96, a P/E ratio of -6.32 and a beta of 2.70.

An institutional investor recently raised its position in Voxeljet stock. Bank of New York Mellon Corp lifted its stake in Voxeljet AG (NYSE:VJET) by 24.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,946 shares of the technology company’s stock after buying an additional 9,308 shares during the period. Bank of New York Mellon Corp owned about 0.25% of Voxeljet worth $205,000 at the end of the most recent reporting period. Institutional investors own 5.53% of the company’s stock.

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Voxeljet Company Profile

Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.

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