3D Systems Co. (DDD) Given Average Recommendation of “Hold” by Brokerages

Shares of 3D Systems Co. (NYSE:DDD) have been given an average recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.83.

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

DDD stock traded up $0.02 during mid-day trading on Wednesday, hitting $10.89. 855,912 shares of the company were exchanged, compared to its average volume of 1,498,434. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.42. The company has a market capitalization of $1.27 billion, a P/E ratio of -29.43 and a beta of 1.94. 3D Systems has a 1-year low of $9.00 and a 1-year high of $21.78.

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

A number of hedge funds have recently made changes to their positions in the business. D. E. Shaw & Co. Inc. grew its stake in shares of 3D Systems by 45.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,080,102 shares of the 3D printing company’s stock worth $31,324,000 after acquiring an additional 964,795 shares in the last quarter. BlackRock Inc. grew its stake in shares of 3D Systems by 4.2% during the 3rd quarter. BlackRock Inc. now owns 17,096,578 shares of the 3D printing company’s stock worth $323,125,000 after acquiring an additional 683,001 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 3D Systems by 310.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock worth $8,017,000 after acquiring an additional 596,313 shares in the last quarter. Norges Bank bought a new position in shares of 3D Systems during the 4th quarter worth approximately $5,409,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of 3D Systems during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 68.95% of the company’s stock.

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 Story: Options Trading – What is a Straddle?

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.