Canaccord Genuity Reiterates a 'Buy' on 3D Systems (DDD); New Target Model Accelerates Top Line, Delays Payoff
Tweet
Share
E-mailGet Alerts DDD Hot Sheet
Price: $3.16 --0%
Rating Summary:
9 Buy, 17 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 17 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on 3D Systems (NYSE: DDD) price target lowered to $22.00.
Canaccord analyst, Bobby Burleson, said, "While investors may be disappointed with lower margins in the new target model, we believe the new model leaves the company with enough room to continue making acquisitions while beating estimates. We are lowering our EPS estimates and price target and reiterate a BUY rating...DDD’s lowered price target of $22.00 (from $27) is 25x our lowered C2012 EPS estimate of $0.87 (vs. prior $1.00 estimate), compared to a 13x multiple for our coverage universe."
For more ratings news on 3D Systems click here and for the rating history of 3D Systems click here.
Shares of 3D Systems closed at $16.12 yesterday.
Canaccord analyst, Bobby Burleson, said, "While investors may be disappointed with lower margins in the new target model, we believe the new model leaves the company with enough room to continue making acquisitions while beating estimates. We are lowering our EPS estimates and price target and reiterate a BUY rating...DDD’s lowered price target of $22.00 (from $27) is 25x our lowered C2012 EPS estimate of $0.87 (vs. prior $1.00 estimate), compared to a 13x multiple for our coverage universe."
For more ratings news on 3D Systems click here and for the rating history of 3D Systems click here.
Shares of 3D Systems closed at $16.12 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Idex Corp. (IEX) Reiterated at Buy by Stifel
- DA Davidson Starts Comfort Systems USA (FIX) at Buy
- Walmart (WMT) PT Lowered to $114 at Truist Securities
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
