3D Systems Co. (DDD) Receives $12.83 Consensus Price Target from Analysts

Shares of 3D Systems Co. (NYSE:DDD) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.83.

A number of brokerages have issued reports on DDD. TheStreet raised 3D Systems from a “d” rating to a “c-” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. cut their target price on 3D Systems to $8.00 and set an “average” rating on the stock in a research report on Friday, March 1st. Finally, Piper Jaffray Companies raised 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 target price on the stock in a research report on Tuesday, January 29th.

NYSE DDD traded down $0.08 on Wednesday, reaching $11.00. The stock had a trading volume of 1,156,300 shares, compared to its average volume of 1,486,682. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -29.73 and a beta of 1.94. The company has a quick ratio of 1.61, a current ratio of 2.42 and a debt-to-equity ratio of 0.05. 3D Systems has a 12-month low of $9.00 and a 12-month high of $21.78.

3D Systems (NYSE:DDD) last announced its earnings results on Thursday, February 28th. The 3D printing company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $180.71 million during the quarter, compared to analysts’ expectations of $184.71 million. 3D Systems had a negative net margin of 6.62% and a negative return on equity of 3.83%. Analysts anticipate that 3D Systems will post -0.09 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of 3D Systems by 30.7% during the third quarter. Wells Fargo & Company MN now owns 168,754 shares of the 3D printing company’s stock worth $3,190,000 after purchasing an additional 39,594 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 3D Systems by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 1,382,491 shares of the 3D printing company’s stock worth $26,129,000 after purchasing an additional 69,112 shares in the last quarter. BlackRock Inc. grew its stake in shares of 3D Systems by 4.2% during the third quarter. BlackRock Inc. now owns 17,096,578 shares of the 3D printing company’s stock worth $323,125,000 after purchasing an additional 683,001 shares in the last quarter. FMR LLC grew its stake in shares of 3D Systems by 10.6% during the third quarter. FMR LLC now owns 726,464 shares of the 3D printing company’s stock worth $13,731,000 after purchasing an additional 69,713 shares in the last quarter. Finally, Credit Suisse AG grew its stake in shares of 3D Systems by 6.3% during the third quarter. Credit Suisse AG now owns 321,409 shares of the 3D printing company’s stock worth $6,074,000 after purchasing an additional 19,174 shares in the last quarter. 68.95% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Company Profile

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.

Featured Article: What are the economic characteristics of a bear market?

Analyst Recommendations for 3D Systems (NYSE:DDD)

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