The ExOne Company (XONE) Upgraded to “Buy” by Canaccord Genuity

Canaccord Genuity upgraded shares of The ExOne Company (NASDAQ:XONE) from a hold rating to a buy rating in a research note released on Monday. The firm currently has $13.00 price objective on the industrial products company’s stock, up from their previous price objective of $9.50.

A number of other analysts have also recently commented on the company. ValuEngine cut The ExOne from a hold rating to a sell rating in a research note on Thursday, August 3rd. Zacks Investment Research raised The ExOne from a strong sell rating to a hold rating in a research note on Thursday, October 12th. FBR & Co reissued a buy rating and set a $15.00 target price (down from $18.00) on shares of The ExOne in a research note on Monday, August 14th. Finally, B. Riley reissued a buy rating on shares of The ExOne in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The ExOne presently has a consensus rating of Hold and a consensus target price of $14.00.

Shares of The ExOne (NASDAQ:XONE) traded up $0.99 during midday trading on Monday, reaching $11.31. 354,200 shares of the company traded hands, compared to its average volume of 155,395. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.62 and a current ratio of 2.60. The ExOne has a 1-year low of $6.72 and a 1-year high of $14.43.

The ExOne (NASDAQ:XONE) last released its earnings results on Thursday, November 9th. The industrial products company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.13). The ExOne had a negative net margin of 39.52% and a negative return on equity of 25.42%. The business had revenue of $15.89 million for the quarter, compared to analyst estimates of $16.05 million. During the same quarter in the previous year, the company posted ($0.23) earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. sell-side analysts forecast that The ExOne will post -0.96 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. Symmetry Peak Management LLC bought a new position in The ExOne during the 2nd quarter worth $115,000. Royal Bank of Canada increased its position in The ExOne by 111.6% during the 2nd quarter. Royal Bank of Canada now owns 12,856 shares of the industrial products company’s stock worth $147,000 after buying an additional 6,779 shares during the period. BNP Paribas Arbitrage SA increased its position in The ExOne by 1,257.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,103 shares of the industrial products company’s stock worth $183,000 after buying an additional 14,917 shares during the period. Wells Fargo & Company MN increased its position in The ExOne by 329.5% during the 1st quarter. Wells Fargo & Company MN now owns 16,864 shares of the industrial products company’s stock worth $172,000 after buying an additional 12,938 shares during the period. Finally, KCG Holdings Inc. bought a new position in The ExOne during the 1st quarter worth $181,000. 25.39% of the stock is owned by institutional investors and hedge funds.

About The ExOne

The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.

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