3D Systems Corporation (NYSE:DDD) Given New $8.50 Price Target at Citigroup Inc.

3D Systems Corporation (NYSE:DDD) had its price objective cut by Citigroup Inc. from $13.00 to $8.50 in a report released on Thursday, November 2nd. They currently have a sell rating on the 3D printing company’s stock.

A number of other equities analysts have also recently weighed in on the company. Canaccord Genuity reaffirmed a neutral rating on shares of 3D Systems Corporation in a report on Wednesday, November 1st. FBR & Co cut 3D Systems Corporation from a neutral rating to a sell rating in a report on Wednesday, November 1st. B. Riley cut 3D Systems Corporation from a neutral rating to a sell rating and reduced their target price for the company from $18.00 to $7.00 in a report on Wednesday, November 1st. J P Morgan Chase & Co reduced their target price on 3D Systems Corporation from $13.00 to $11.00 and set a neutral rating for the company in a report on Wednesday, November 1st. Finally, Loop Capital reissued a hold rating and set a $10.00 target price on shares of 3D Systems Corporation in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $12.97.

3D Systems Corporation (DDD) opened at $8.67 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. 3D Systems Corporation has a fifty-two week low of $7.92 and a fifty-two week high of $23.70.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The business had revenue of $152.90 million during the quarter, compared to analyst estimates of $162.22 million. 3D Systems Corporation had a negative return on equity of 5.85% and a negative net margin of 8.01%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. research analysts anticipate that 3D Systems Corporation will post -0.3 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/3d-systems-corporation-ddd-price-target-cut-to-8-50/1752046.html.

A number of institutional investors have recently modified their holdings of DDD. UBS Asset Management Americas Inc. grew its position in 3D Systems Corporation by 69.6% in the first quarter. UBS Asset Management Americas Inc. now owns 67,119 shares of the 3D printing company’s stock worth $1,004,000 after acquiring an additional 27,551 shares during the period. Karp Capital Management Corp purchased a new position in 3D Systems Corporation in the first quarter worth approximately $262,000. Parametric Portfolio Associates LLC grew its position in 3D Systems Corporation by 13.1% in the first quarter. Parametric Portfolio Associates LLC now owns 161,900 shares of the 3D printing company’s stock worth $2,422,000 after acquiring an additional 18,720 shares during the period. JPMorgan Chase & Co. grew its position in 3D Systems Corporation by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 80,472 shares of the 3D printing company’s stock worth $1,204,000 after acquiring an additional 1,575 shares during the period. Finally, Prudential Financial Inc. grew its position in 3D Systems Corporation by 7.6% in the first quarter. Prudential Financial Inc. now owns 71,322 shares of the 3D printing company’s stock worth $1,067,000 after acquiring an additional 5,020 shares during the period. Institutional investors own 59.05% of the company’s stock.

About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

Receive News & Ratings for 3D Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.