ExOne Gets a Buy Rating from B.Riley FBR

By Jason Carr

B.Riley FBR analyst Christopher Van Horn reiterated a Buy rating on ExOne (NASDAQ: XONE) today and set a price target of $15. The company’s shares closed on Friday at $10.32.

Van Horn commented:

“When one looks at the additive manufacturing space, there is a lot of volatility and a lot of risk; however, we think XONE has a relatively strong and compelling opportunity set because its market strategy and product portfolio have the potential to see outsized growth. In our view, while larger players may be weighed down by increased competitive threats or by sales challenges connected to a higher mix of lower-priced printers, we think that XONE has a differentiated business model and a differentiated technology suite. We believe that management has targeted a 2020 market of $200M in addressable opportunities for its coarse- and fine-powder printing technologies, and we think that, relative to its current positioning, it could benefit significantly from these markets. For instance, we believe that XONE is currently one of the leading players in coarse-powder binder jetting. Overall, we find XONE attractive at these levels, and we reiterate our Buy rating and $15 price target.”

According to TipRanks.com, Horn is a 4-star analyst with an average return of 9.0% and a 63.6% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Motorcar Parts Of America, Standard Motor Products, and Harman International.

ExOne has an analyst consensus of Moderate Buy, with a price target consensus of $15.

Based on ExOne’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $10.8 million and GAAP net loss of $6.4 million. In comparison, last year the company earned revenue of $12.99 million and had a GAAP net loss of $3.61 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The ExOne Co. engages in the development, manufacture, and marketing of 3D printing machines. It offers 3D printing solutions to industrial customers in the aerospace, automotive, heavy equipment, energy, and oil & gas industries. The company was founded in 2005 and is headquartered in North Huntingdon, PA.