Canaccord Genuity Reiterates Buy on 3D Systems (DDD)
A number of other analysts have also recently weighed in on DDD. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of 3D Systems from $25.00 to $30.00 in a research note to investors on Friday, April 27th. They now have an “equal weight” rating on the stock. Separately, analysts at Maxim Group raised their price target on shares of 3D Systems from $28.00 to $30.00 in a research note to investors on Tuesday, April 17th. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group initiated coverage on shares of 3D Systems in a research note to investors on Friday, March 23rd. They set a “buy” rating and a $28.00 price target on the stock.
3D Systems traded down 0.43% on Wednesday, hitting $28.00. 3D Systems has a 52-week low of $12.78 and a 52-week high of $29.47. The company has a market cap of $1.431 billion and a price-to-earnings ratio of 41.47.
3D Systems last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.02. 3D Systems’s revenue was up 62.6% compared to the same quarter last year. Analysts expect that 3D Systems will post $0.27 EPS next quarter.
3D Systems Corporation (3D Systems) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.