UPDATE: JPMorgan Upgrades Stratasys Inc. (SSYS) to Neutral

May 21, 2020 5:06 AM EDT
Get Alerts SSYS Hot Sheet
Price: $22.16 -3.99%

Rating Summary:
    13 Buy, 16 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 30
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(Updated - May 21, 2020 5:18 AM EDT)

(updating comment)

JPMorgan analyst Paul Coster upgraded Stratasys Inc. (NASDAQ: SSYS) from Underweight to Neutral with a price target of $19.00 (from $16.00).

The analyst comments "We are upgrading SSYS to Neutral. SSYS is trading at 90x our revised CY21E PF EPS forecast of $0.20 which is a massive premium to the five-year mean P/E trading range of ~37x. On an EV/EBITDA basis the stock is trading at ~19 times revised CY 21 PF EBITDA, a near 100% premium. The stock looks expensive based on near-term revenues, but SSYS is clearly under-earning at present, since the company is investing in new products during the COVID-19 downturn, that should restore growth in 2022 and beyond, leading to a better expression of earnings power in the out-years. We expect SSYS to perform in line with the mean of our coverage over the next 6-12 months."

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 $17.58 yesterday.

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