Zacks Investment Research upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a research note released on Monday. Zacks Investment Research currently has $21.00 price objective on the technology company’s stock.
According to Zacks, “Stratasys is one of the leading 3D printing solution providers. We are positive about Stratasys’ turnaround strategies which include launching innovative products, strategic partnerships and acquisitions. The company’s sustained focus on launching new products and entering into strategic partnerships will drive long-term growth. Moreover, Airbus’ deal with Stratasys signifies that the latter’s 3D printed polymer parts are ready for serial production, enhancing the scope of its adoption by other aircraft manufacturers. The initiatives will help Stratasys to gain more market share as the prospect of 3D printing industry appears bright. Stratasys shares have outperformed the industry in the past year. Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses.”
A number of other research firms have also issued reports on SSYS. Cowen set a $22.00 target price on shares of Stratasys and gave the company a hold rating in a research note on Thursday, November 1st. Susquehanna Bancshares set a $27.00 target price on shares of Stratasys and gave the company a buy rating in a research note on Thursday, November 1st. ValuEngine upgraded shares of Stratasys from a sell rating to a hold rating in a research note on Thursday, November 1st. Finally, BidaskClub lowered shares of Stratasys from a buy rating to a hold rating in a research note on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $20.86.
Stratasys stock opened at $19.47 on Monday. The firm has a market cap of $1.04 billion, a PE ratio of 149.77, a price-to-earnings-growth ratio of 3.41 and a beta of 1.62. The company has a current ratio of 3.95, a quick ratio of 3.23 and a debt-to-equity ratio of 0.02. Stratasys has a 1-year low of $17.06 and a 1-year high of $26.17.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, November 1st. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Stratasys had a negative net margin of 4.10% and a positive return on equity of 1.01%. The business had revenue of $162.00 million for the quarter, compared to analyst estimates of $161.88 million. During the same period last year, the business posted $0.08 EPS. Stratasys’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that Stratasys will post 0.29 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of SSYS. Dimensional Fund Advisors LP grew its position in Stratasys by 15.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,548 shares of the technology company’s stock worth $50,616,000 after purchasing an additional 352,211 shares during the last quarter. State Treasurer State of Michigan grew its position in Stratasys by 32.4% in the 3rd quarter. State Treasurer State of Michigan now owns 1,224,603 shares of the technology company’s stock worth $28,301,000 after purchasing an additional 300,000 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Stratasys during the 2nd quarter valued at about $4,797,000. BlackRock Inc. boosted its position in shares of Stratasys by 5.5% during the 2nd quarter. BlackRock Inc. now owns 2,334,359 shares of the technology company’s stock valued at $44,680,000 after acquiring an additional 122,685 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of Stratasys by 160.7% during the 3rd quarter. Federated Investors Inc. PA now owns 179,532 shares of the technology company’s stock valued at $4,149,000 after acquiring an additional 110,654 shares in the last quarter. Institutional investors own 74.56% of the company’s stock.
Stratasys Company Profile
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.
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