Weekly Research Analysts’ Ratings Changes for Proto Labs (PRLB)

Proto Labs (NYSE: PRLB) recently received a number of ratings updates from brokerages and research firms:

  • 11/2/2019 – Proto Labs was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Proto Labs, Inc. is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. It produces CNC machined and injection molded plastic parts. Proto Labs targets their services to product developers who use three-dimensional computer-aided design to develop products across a diverse range of end-markets. The Company has locations in the United States, the United Kingdom, Germany, Japan, Italy, France, and Spain. Proto Labs, Inc. is headquartered in Maple Plain, Minnesota. “
  • 10/25/2019 – Proto Labs was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.
  • 10/25/2019 – Proto Labs was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 10/24/2019 – Proto Labs had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/1/2019 – Proto Labs was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/25/2019 – Proto Labs was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Proto Labs, Inc. is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. It produces CNC machined and injection molded plastic parts. Proto Labs targets their services to product developers who use three-dimensional computer-aided design to develop products across a diverse range of end-markets. The Company has locations in the United States, the United Kingdom, Germany, Japan, Italy, France, and Spain. Proto Labs, Inc. is headquartered in Maple Plain, Minnesota. “

NYSE:PRLB opened at $98.73 on Thursday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 35.14 and a beta of 1.64. Proto Labs Inc has a one year low of $88.75 and a one year high of $131.85. The stock has a 50-day simple moving average of $100.74 and a 200 day simple moving average of $102.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.19.

Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, October 24th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. Proto Labs had a net margin of 14.74% and a return on equity of 12.28%. The firm had revenue of $117.46 million for the quarter, compared to analysts’ expectations of $119.39 million. During the same quarter last year, the company posted $0.86 earnings per share. Proto Labs’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Proto Labs Inc will post 2.29 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Proto Labs by 2.4% in the second quarter. BlackRock Inc. now owns 4,025,505 shares of the industrial products company’s stock worth $467,039,000 after acquiring an additional 92,643 shares during the last quarter. Brown Capital Management LLC lifted its holdings in Proto Labs by 1.2% in the second quarter. Brown Capital Management LLC now owns 3,767,526 shares of the industrial products company’s stock worth $437,108,000 after acquiring an additional 44,065 shares during the last quarter. Riverbridge Partners LLC lifted its holdings in Proto Labs by 10.4% in the third quarter. Riverbridge Partners LLC now owns 1,538,713 shares of the industrial products company’s stock worth $157,103,000 after acquiring an additional 144,825 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in Proto Labs by 96.3% in the third quarter. TimesSquare Capital Management LLC now owns 699,507 shares of the industrial products company’s stock worth $71,420,000 after acquiring an additional 343,127 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of Proto Labs by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 574,150 shares of the industrial products company’s stock valued at $66,613,000 after buying an additional 15,749 shares during the last quarter. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

Featured Story: What does a bar chart display?

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