J.P. Morgan Reiterates a Sell Rating on Stratasys

By Jason Carr

In a report released today, Paul Coster from J.P. Morgan reiterated a Sell rating on Stratasys (NASDAQ: SSYS), with a price target of $22. The company’s shares opened today at $18.69.

Coster commented:

“We maintain our Underweight rating heading into SSYS 3Q16 results. Read- across from near-peer DDD was slightly negative on muted printer growth (particularly desktop, but also lower-end photo-polymer jet), despite easier comps, partially offset by solid performance in materials. Like DDD, we believe SSYS is on a long journey toward introduction of industry-specific additive manufacturing solutions, and in the meantime, end-market demand in legacy prototyping end markets is sluggish.”

According to TipRanks.com, Coster is ranked 0 out of 5 stars with an average return of -6.0% and a 45.3% success rate. Coster covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, SolarEdge Technologies, and Daystar Technologies.

Stratasys has an analyst consensus of Hold, with a price target consensus of $23.50.

The company has a one year high of $30.46 and a one year low of $14.48. Currently, Stratasys has an average volume of 886.7K.

Stratasys Ltd. engages in the provision of additive manufacturing solutions for the production of parts used in the process of designing and manufacturing products for the manufacturer of end parts. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing. It also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers. The company was founded on March 3, 1998 and is headquartered in Eden Prairie, MN.