Bank of America Upgrades 3D Systems Corporation to Buy

Brokerage firm Bank of America Upgrades its rating on 3D Systems Corporation(NYSE:DDD). The shares have been rated Buy. Previously, the analysts had a Underperform rating on the shares. The rating by Bank of America was issued on Apr 14, 2016.

In a different note, On Mar 15, 2016, JP Morgan said it Downgrades its rating on 3D Systems Corporation. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Underweight’ by the firm. On Mar 15, 2016, Goldman Sachs said it Maintains its rating on 3D Systems Corporation. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 15, 2016, Jefferies said it Maintains its rating on 3D Systems Corporation. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Hold’ by the firm. On Mar 15, 2016, Gabelli & Co said it Downgrades its rating on 3D Systems Corporation. The shares have been rated ‘Hold’ by the firm. On Mar 15, 2016, Deutsche Bank said it Maintains its rating on 3D Systems Corporation. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Hold’ by the firm. On Jan 26, 2016, UBS said it Maintains its rating on 3D Systems Corporation. According to the research note, UBS Lowers the price target to $6 per share from a prior target of $9. The shares have been rated ‘Sell’ by the firm.

3D Systems Corporation (DDD) made into the market gainers list on Mondays trading session with the shares advancing 0.93% or 0.16 points. Due to strong positive momentum, the stock ended at $17.31, which is also near the day’s high of $17.635. The stock began the session at $17 and the volume stood at 39,57,802 shares. The 52-week high of the shares is $32.87 and the 52 week low is $6. The company has a current market capitalization of $1,932 M and it has 11,16,27,748 shares in outstanding.

3D Systems Corporation(DDD) last announced its earnings results on Mar 14, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $183.36M. Analysts had an estimated revenue of $167.52M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On Dec 7, 2015, G Walter Ii Loewenbaum (director) purchased 10,000 shares at $9.07 per share price.Also, On Sep 10, 2015, Andrew Martin Johnson (EVP, Chief Legal Officer & Sec) sold 8,000 shares at $13.32 per share price.On Sep 4, 2015, Kevin S Moore (director) purchased 6,000 shares at $12.94 per share price, according to the Form-4 filing with the securities and exchange commission.

3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions including 3D printers print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design including 3D digital design scan-to-computer-aided design (CAD) scan-to-print reverse engineering inspection sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services digitizing scanners and simulation products. The Company operates in the Americas Europe the Middle East and the Asia Pacific regions.

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