Stratasys Ltd. (SSYS) Given Average Rating of “Hold” by Brokerages
Stratasys Ltd. (NASDAQ:SSYS) has received a consensus recommendation of “Hold” from the nineteen research firms that are covering the firm. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $23.97.
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated a “sell” rating and issued a $22.00 price objective on shares of Stratasys in a report on Friday, November 4th. Gabelli restated a “buy” rating on shares of Stratasys in a report on Saturday, November 19th. Needham & Company LLC reduced their price objective on shares of Stratasys from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 16th. FBR & Co restated an “outperform” rating and issued a $24.00 price objective (down from $29.00) on shares of Stratasys in a report on Saturday, November 19th. Finally, Vetr lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating and set a $26.67 price objective on the stock. in a report on Wednesday, September 28th.
COPYRIGHT VIOLATION WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was stolen and reposted in violation of US & international copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/29/stratasys-ltd-ssys-given-average-rating-of-hold-by-brokerages.html.
Stratasys (NASDAQ:SSYS) traded down 1.72% during midday trading on Tuesday, reaching $18.28. 607,521 shares of the company’s stock traded hands. The company’s market capitalization is $961.51 million. The firm’s 50 day moving average price is $19.74 and its 200-day moving average price is $21.36. Stratasys has a 1-year low of $14.48 and a 1-year high of $30.46.
A number of hedge funds have recently added to or reduced their stakes in SSYS. Janney Montgomery Scott LLC bought a new stake in Stratasys during the second quarter worth approximately $201,000. Commonwealth Equity Services Inc increased its stake in Stratasys by 28.5% in the second quarter. Commonwealth Equity Services Inc now owns 14,873 shares of the company’s stock worth $340,000 after buying an additional 3,303 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Stratasys by 2.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,076 shares of the company’s stock worth $757,000 after buying an additional 817 shares in the last quarter. Societe Generale bought a new stake in Stratasys during the second quarter worth approximately $1,731,000. Finally, Concourse Capital Management LLC increased its stake in Stratasys by 36.9% in the second quarter. Concourse Capital Management LLC now owns 27,306 shares of the company’s stock worth $625,000 after buying an additional 7,366 shares in the last quarter. 61.14% of the stock is currently owned by hedge funds and other institutional investors.
Stratasys Company Profile
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. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
Receive News & Stock Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related stocks with our FREE daily email newsletter.