UPDATE: Citi Upgrades Stratasys Inc. (SSYS) to Buy

August 10, 2017 5:03 AM EDT
Get Alerts SSYS Hot Sheet
Price: $20.05 +2.45%

Rating Summary:
    13 Buy, 16 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 38 | Down: 18 | New: 7
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(Updated - August 10, 2017 7:49 AM EDT)

(updated to add analyst comment)

Citi upgraded Stratasys Inc. (NASDAQ: SSYS) from Neutral to Buy with a price target of $29.00 (from $32.00).

Analyst Ken Wong says the outlook for the company appears conservative and believes the firm can achieve targets. The analyst says shares are trading at a discount and lists three reasons he is positive:

  1. Targets are achievable - After a strong Q2, we believe management’s reiterated FY17 targets ($645-680M, 3-5%, $0.19-0.37, operating margins of 3-5%) are well within reach.
  2. Sector sentiment is low (while 3D market trends are improving) and SSYS
    continues to trade at a discount to peers (CY19 EBITDA: 10x vs. 14x / Sales:
    1.3x vs. 2-2.5x).
  3. Large install base and higher mix of high margin consumables revenue relative to peers (low-30% vs. high-20%) provides near term cushion and LT leverage.

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 $22.29 yesterday.



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