Deutsche Bank AG Lowers Stratasys, Ltd. (SSYS) Price Target to $25.00
Stratasys, Ltd. (NASDAQ:SSYS) had its price target reduced by Deutsche Bank AG from $31.00 to $25.00 in a report released on Thursday. The firm currently has a “hold” rating on the technology company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 12.16% from the stock’s current price.
Several other equities analysts have also issued reports on SSYS. Piper Jaffray Companies raised Stratasys from a “neutral” rating to an “overweight” rating and upped their price target for the company from $21.00 to $28.00 in a research note on Monday, April 17th. Standpoint Research lowered Stratasys from a “buy” rating to a “reduce” rating in a research note on Monday, April 24th. William Blair lowered Stratasys from a “market perform” rating to an “underperform” rating in a research note on Monday, May 15th. FBR & Co reaffirmed an “outperform” rating and set a $33.00 price target (up previously from $24.00) on shares of Stratasys in a research note on Wednesday, May 17th. Finally, Needham & Company LLC lowered Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Stratasys currently has a consensus rating of “Hold” and an average price target of $23.83.
Shares of Stratasys (NASDAQ SSYS) traded up 0.99% during midday trading on Thursday, reaching $22.51. 1,032,431 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $24.11 and its 200 day moving average price is $23.33. Stratasys has a 52-week low of $16.37 and a 52-week high of $30.88. The firm’s market capitalization is $1.19 billion.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.16. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The business had revenue of $170 million for the quarter, compared to analyst estimates of $167.82 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Stratasys will post $0.33 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in SSYS. AXA raised its stake in Stratasys by 34.4% in the first quarter. AXA now owns 561,397 shares of the technology company’s stock worth $11,503,000 after buying an additional 143,741 shares in the last quarter. State Street Corp raised its stake in Stratasys by 2.5% in the fourth quarter. State Street Corp now owns 811,176 shares of the technology company’s stock worth $13,417,000 after buying an additional 19,694 shares in the last quarter. Primecap Management Co. CA raised its stake in Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock worth $128,903,000 after buying an additional 1,281,000 shares in the last quarter. Norges Bank acquired a new stake in Stratasys during the fourth quarter worth approximately $4,187,000. Finally, Westside Investment Management Inc. raised its stake in Stratasys by 11.5% in the first quarter. Westside Investment Management Inc. now owns 39,525 shares of the technology company’s stock worth $789,000 after buying an additional 4,070 shares in the last quarter. 66.46% of the stock is currently 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.
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