FBR Capital Assumes Stratasys Inc. (SSYS) at Outperform

October 3, 2016 8:26 AM EDT
Get Alerts SSYS Hot Sheet
Price: $19.93 -1.82%

Rating Summary:
    11 Buy, 14 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
Trade SSYS Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

FBR Capital assumes coverage on Stratasys Inc. (NASDAQ: SSYS) with a Outperform rating and a price target of $29.00.

New analyst Christopher Van Horn commented, " Stratasys brings to bear two encouraging aspects: It is the largest additive manufacturing company on a volume basis, and it is highly specialized, which should keep accelerating competition at bay. Make no mistake: Specialization does not preclude gains from industry volume growth, and we see additive manufacturing entering a long-term upswing. Total industry revenues could see 20% to 30% annual growth through 2020 as more end markets enter the mix. (Automotive, in particular, is a focal point.) From a valuation perspective, we traditionally have seen SSYS shares trade fairly in line with 3D Systems shares; however, we believe current levels offer an attractive discount. This leads us to reinforce our thesis that the company could outperform the sector."

For an analyst ratings summary and ratings history on Stratasys Inc. click here. For more ratings news on Stratasys Inc. click here.

Shares of Stratasys Inc. closed at $24.09 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