Analysts Offer Insights on Consumer Goods Companies: Himax Technologies (NASDAQ: HIMX) and 3D Systems (NYSE: DDD)

By Jason Carr

Analysts fell to the sidelines weighing in on Himax Technologies (NASDAQ:HIMX) and 3D Systems (NYSE:DDD) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Himax Technologies (HIMX)

In a report released yesterday, Sujeeva De Silva from Roth Capital reiterated a Hold rating on Himax Technologies, with a price target of $7. The company’s shares closed yesterday at $6.62, close to its 52-week low of $5.97.

According to TipRanks.com, Silva is a 5-star analyst with an average return of 18.1% and a 64.3% success rate. Silva covers the Consumer Goods sector, focusing on stocks such as Quantenna Communications, Akoustis Technologies, and Silicon Laboratories.

Himax Technologies has an analyst consensus of Hold, with a price target consensus of $8.20, which is a 23.9% upside from current levels. In a report released yesterday, Cowen & Co. also reiterated a Hold rating on the stock with a $7 price target.

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3D Systems (DDD)

In a report released today, David Ryzhik from Susquehanna reiterated a Hold rating on 3D Systems, with a price target of $16. The company’s shares closed yesterday at $18.16, close to its 52-week high of $18.70.

According to TipRanks.com, Ryzhik is ranked #3744 out of 4850 analysts.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for 3D Systems with a $13.80 average price target, representing a -24.0% downside. In a report issued on August 7, Canaccord Genuity also reiterated a Hold rating on the stock with a $13 price target.

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