Stratasys (NASDAQ:SSYS) Downgraded by JPMorgan Chase & Co. – MarketBeat

Stratasys (NASDAQ:SSYS) Downgraded by JPMorgan Chase & Co.  MarketBeat

Stratasys (NASDAQ:SSYS) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Thursday, Briefing.com reports. They currently have a $18.00 target price on the technology company’s stock, down from their prior target price of $20.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 41.73% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. BidaskClub lowered shares of Stratasys from a “sell” rating to a “strong sell” rating in a research note on Thursday. ValuEngine upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Friday, June 19th. Finally, Craig Hallum increased their price objective on shares of Stratasys from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Stratasys presently has an average rating of “Hold” and a consensus price target of $20.00.

Shares of Stratasys stock opened at $12.70 on Thursday. The company has a current ratio of 4.30, a quick ratio of 3.13 and a debt-to-equity ratio of 0.01. Stratasys has a 12-month low of $12.18 and a 12-month high of $23.13. The firm has a market capitalization of $691.40 million, a price-to-earnings ratio of -11.65 and a beta of 1.53. The firm’s 50 day simple moving average is $14.42 and its two-hundred day simple moving average is $15.82.


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Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.07. Stratasys had a negative net margin of 10.46% and a negative return on equity of 1.97%. The business had revenue of $117.60 million for the quarter, compared to analyst estimates of $121.74 million. During the same quarter in the prior year, the business posted $0.16 EPS. Stratasys’s revenue for the quarter was down 27.9% compared to the same quarter last year. On average, sell-side analysts predict that Stratasys will post -0.67 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ovata Capital Management Ltd acquired a new stake in Stratasys during the 2nd quarter worth approximately $56,000. PNC Financial Services Group Inc. boosted its stake in shares of Stratasys by 110.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the technology company’s stock valued at $92,000 after buying an additional 3,040 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in Stratasys during the first quarter worth $146,000. Private Advisor Group LLC bought a new position in Stratasys during the second quarter worth $150,000. Finally, Bridgewater Associates LP bought a new position in Stratasys during the second quarter worth $168,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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Source: marketbeat.com

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