3D Systems (NYSE:DDD) Rating Increased to Strong-Buy at ValuEngine

3D Systems (NYSE:DDD) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Tuesday, ValuEngine reports.

DDD has been the topic of a number of other reports. B. Riley reaffirmed a “neutral” rating on shares of 3D Systems in a research note on Thursday, August 8th. Zacks Investment Research raised 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. downgraded 3D Systems from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $7.00 in a research note on Thursday, August 8th. Finally, TheStreet downgraded 3D Systems from a “c-” rating to a “d” rating in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.00.

DDD stock traded down $0.03 during trading on Tuesday, reaching $8.39. 19,972 shares of the stock were exchanged, compared to its average volume of 1,592,524. The firm’s 50 day moving average is $7.57 and its 200 day moving average is $9.32. 3D Systems has a twelve month low of $6.47 and a twelve month high of $20.67. The company has a current ratio of 2.36, a quick ratio of 1.62 and a debt-to-equity ratio of 0.14. The firm has a market cap of $953.47 million, a P/E ratio of -22.34 and a beta of 1.99.



3D Systems (NYSE:DDD) last posted its quarterly earnings results on Wednesday, August 7th. The 3D printing company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). 3D Systems had a negative return on equity of 8.98% and a negative net margin of 9.78%. The firm had revenue of $157.30 million for the quarter, compared to analyst estimates of $160.74 million. During the same period last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. As a group, analysts predict that 3D Systems will post -0.39 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of 3D Systems by 14.0% in the second quarter. BlackRock Inc. now owns 18,606,045 shares of the 3D printing company’s stock worth $169,316,000 after purchasing an additional 2,280,218 shares during the last quarter. Invesco Ltd. grew its holdings in shares of 3D Systems by 1,451.2% in the second quarter. Invesco Ltd. now owns 8,588,621 shares of the 3D printing company’s stock valued at $78,157,000 after acquiring an additional 8,034,936 shares in the last quarter. Northern Trust Corp grew its holdings in shares of 3D Systems by 3.1% in the second quarter. Northern Trust Corp now owns 1,417,916 shares of the 3D printing company’s stock valued at $12,904,000 after acquiring an additional 42,879 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of 3D Systems by 63.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,394,387 shares of the 3D printing company’s stock valued at $12,689,000 after acquiring an additional 541,870 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of 3D Systems by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,322,029 shares of the 3D printing company’s stock valued at $12,030,000 after acquiring an additional 4,235 shares in the last quarter. 78.25% of the stock is owned by hedge funds and other institutional investors.

About 3D Systems

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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Analyst Recommendations for 3D Systems (NYSE:DDD)

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