Stratasys Ltd. (SSYS) is Downgraded by Citigroup to Neutral

Stratasys Ltd. (SSYS) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Stratasys Ltd.. Company shares were Reiterated by UBS on Mar 23, 2016 to “Sell”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .Stratasys Ltd. was Downgraded by JP Morgan to ” Underweight” on Mar 7, 2016. Shares were Reiterated by Needham on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $32 .

On the company’s financial health, Stratasys Ltd. reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $-0.12. The company had revenue of $173.40 million for the quarter, compared to analysts expectations of $167.63 million. During the same quarter in the previous year, the company posted $0.48 EPS.

Stratasys Ltd. opened for trading at $26.64 and hit $27.23 on the upside on Monday, eventually ending the session at $27.06, with a gain of 2.07% or 0.55 points. The heightened volatility saw the trading volume jump to 9,08,234 shares. Company has a market cap of $1,409 M.

Stratasys Ltd.

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Stratasys Ltd. - Is it time to Sell?

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