Stratasys (NASDAQ: SSYS) received a number of ratings updates from brokerages and research firms in the last week:
- Stratasys is now covered by analysts at Gabelli. They set a “hold” rating and a $69.00 price target on the stock.
- Stratasys had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $94.00 price target on the stock. They wrote, “Stratasys reported solid Q4 results with revenues of $96.4 million increasing 23% on a year/year basis and non GAAP EPS of $0.41. Operating income increased 19.0% year/year and net income increased 40.9% y/y. The results versus consensus comparison is difficult this quarter with the consensus pool consisting of estimates that excluded and included none or partial results from Objet, so we will compare the results versus our industry high estimates that included a full quarter contribution from Objet.”
- Stratasys had its price target lowered by analysts at Piper Jaffray to $92.00. They wrote, “Stratasys reported strong Q4 results with 23% y/y revenue growth and an abnormally high level of backlog exiting 2012. While 2013 is an integration year for the company, we believe the combined Stratasys/Objet merger will emerge a more powerful entity with leading edge technologies and complementary products being sold through the largest distribution channel in 3D printing. We continue to view the 3D space as one of the best pockets of growth in the broader equity markets and believe this industry is capable of growing revenues 20-25% with leverage for the next several years.”
- Stratasys had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $72.00 price target on the stock. Zacks‘ analyst wrote, “The fourth-quarter results were encouraging with EPS exceeding the Zacks Consensus Estimate and revenues improving on a year-over-year basis. Moreover, growth in product and services revenue helped the company expand its business substantially. Previously, the Stratasys had stated that Hewlett-Packard Company agreed to discontinue its manufacturing and distribution agreement for 3D printers. The discontinuation has been effective since the end of 2012. Despite a globally increasing demand for 3D printers, Stratasys does not expect the termination to have a material impact on the business fundamentals. However, we are a bit apprehensive about the company’s high-cost business model and stiff competition from big and small players like 3D Systems Corp. We have a Neutral recommendation on Stratasys. “
- Stratasys was upgraded by analysts at Needham & Company from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock.
Shares of Stratasys opened at 68.16 on Wednesday. Stratasys has a one year low of $33.52 and a one year high of $92.30. The stock’s 50-day moving average is currently $76.24. The company has a market cap of $1.487 billion and a P/E ratio of 81.06.
Stratasys, Inc. is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets.
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