FBR Capital Assumes 3D Systems (DDD) at Market Perform

October 3, 2016 8:17 AM EDT
Get Alerts DDD Hot Sheet
Price: $17.07 +0.41%

Rating Summary:
    8 Buy, 13 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade DDD Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

FBR Capital assumes coverage on 3D Systems (NYSE: DDD) with a Market Perform rating and a price target of $18.00.

New analyst Christopher Van Horn commented, " As the additive manufacturing sector's second-largest player, and with exposure to diverse technologies within the sector, 3D Systems, we think, stands to gain from industry growth. However, we find the immediate story one of transition, relative to the valuation. Diversification brings with it exposure to accelerating innovation amongst smaller competitors across the additive spectrum. What is more:Diversification, in this case, precludes a “best in class” title; specialists like Stratasys earn this, in our view. As the company expands into metals, which are an essential growth angle for the industry as a whole, we could see this change; but, with general adoption trends slow, the near term appears bumpy. Finally, management has been highly cautious about providing any financial guidance, and we believe that this remains a further near-term overhang on what is otherwise a well-diversified company with a bright long-term future."

For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.

Shares of 3D Systems closed at $17.95 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Add Your Comment