Voxeljet AG (NYSE:VJET) Receives Average Recommendation of “Hold” from Brokerages
Voxeljet AG (NYSE:VJET) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.94.
Several brokerages have recently weighed in on VJET. Zacks Investment Research upgraded shares of Voxeljet AG from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Tuesday, July 19th. Piper Jaffray Cos. dropped their price objective on shares of Voxeljet AG from $7.30 to $5.70 and set an “overweight” rating on the stock in a report on Monday, August 15th. Finally, Citigroup Inc. dropped their price objective on shares of Voxeljet AG from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday, August 15th.
Large investors have recently bought and sold shares of the company. A.R.T. Advisors LLC acquired a new stake in Voxeljet AG during the second quarter worth $122,000. Bank of New York Mellon Corp raised its stake in Voxeljet AG by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 44,207 shares of the company’s stock worth $201,000 after buying an additional 680 shares in the last quarter. Finally, UBS Group AG raised its stake in Voxeljet AG by 10.3% in the first quarter. UBS Group AG now owns 128,635 shares of the company’s stock worth $785,000 after buying an additional 11,975 shares in the last quarter.
Voxeljet AG (NYSE:VJET) remained flat at $4.43 during trading on Tuesday. The stock had a trading volume of 13,798 shares. Voxeljet AG has a 12-month low of $3.50 and a 12-month high of $6.99. The stock has a 50 day moving average of $4.37 and a 200-day moving average of $4.99. The firm’s market cap is $82.40 million.
Voxeljet AG (NYSE:VJET) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. On average, equities research analysts forecast that Voxeljet AG will post ($0.40) earnings per share for the current year.
Voxeljet AG 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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