Jefferies Starts Proto Labs (PRLB) at Hold

June 29, 2012 6:55 AM EDT
Get Alerts PRLB Hot Sheet
Price: $53.55 --0%

Rating Summary:
    1 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies assumes coverage on Proto Labs (NYSE: PRLB) with a Hold. PT $32.00 (from $27.00).

The firm comments, "Proto Labs' offers the most automated, timely, and usable service in the highly fragmented and generally low-tech and low-margin rapid injection molding and CNC machining industry. We believe PRLB's model is leveragable, global, and extremely difficult to duplicate; however, we also believe that the stock is already pricing in much of this by trading at 4.0x EV/Sales, 12x EV/EBITDA, and 25x P/E based on consensus 2013 estimates."

For an analyst ratings summary and ratings history on Proto Labs click here. For more ratings news on Proto Labs click here.

Shares of Proto Labs closed at $29.39 yesterday.

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