Cowen and Company Analysts Give voxeljet AG (VJET) a $6.00 Price Target
voxeljet AG (NYSE:VJET) has been given a $6.00 price objective by equities researchers at Cowen and Company in a note issued to investors on Sunday. The brokerage presently has a “buy” rating on the technology company’s stock. Cowen and Company’s target price suggests a potential upside of 17.42% from the company’s current price.
Several other brokerages also recently commented on VJET. Zacks Investment Research downgraded voxeljet AG from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine upgraded voxeljet AG from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $8.00 target price on shares of voxeljet AG in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.33.
voxeljet AG (VJET) opened at 5.11 on Friday. voxeljet AG has a 1-year low of $2.61 and a 1-year high of $6.37. The firm has a 50-day moving average price of $4.91 and a 200-day moving average price of $4.39. The firm’s market capitalization is $95.05 million.
voxeljet AG (NYSE:VJET) last issued its quarterly earnings results on Monday, August 14th. The technology company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.06). voxeljet AG had a negative return on equity of 22.77% and a negative net margin of 55.57%. The business had revenue of $5.66 million for the quarter. Equities analysts expect that voxeljet AG will post ($0.35) earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in voxeljet AG by 24.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,946 shares of the technology company’s stock valued at $205,000 after purchasing an additional 9,308 shares during the last quarter. Symmetry Peak Management LLC bought a new position in shares of voxeljet AG during the 2nd quarter worth approximately $146,000. Finally, Trent Capital Management Inc. NC bought a new position in shares of voxeljet AG during the 2nd quarter worth approximately $143,000. Institutional investors and hedge funds own 3.27% of the company’s stock.
voxeljet AG Company Profile
Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.
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