Stratasys Ltd. (SSYS) is Initiated by FBR Capital to Outperform, Price Target at $29

Stratasys Ltd. (SSYS) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $29. FBR Capital advised their investors in a research report released on May 24, 2016.

Many Wall Street Analysts have commented on Stratasys Ltd.. Shares were Reiterated by Needham on May 10, 2016 to “Buy” and Lowered the Price Target to $ 26 from a previous price target of $28 .Stratasys Ltd. was Downgraded by Citigroup to ” Neutral” on Apr 15, 2016. 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 .

On the company’s financial health, Stratasys Ltd. reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.05. The company had revenue of $167.90 million for the quarter, compared to analysts expectations of $164.57 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Stratasys Ltd. opened for trading at $19.8 and hit $20.3 on the upside on Friday, eventually ending the session at $20.16, with a gain of 2.13% or 0.42 points. The heightened volatility saw the trading volume jump to 7,72,057 shares. Company has a market cap of $1,050,477 M.

Stratasys Ltd.

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