Stratasys Ltd. (SSYS) is Downgraded by Piper Jaffray to Neutral, Lowers Price Target to $ 24

Stratasys Ltd. (SSYS) was Downgraded by Piper Jaffray to ” Neutral” while Lowering the Price Target of the company shares to $ 24 from a previous price target of $32 . Earlier the firm had a rating of “Overweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on Stratasys Ltd.. FBR Capital Initiated Stratasys Ltd. on May 24, 2016 to “Outperform”, Price Target of the shares are set at $29.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 .

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. closed down -0.25 points or -1.06% at $23.29 with 8,58,272 shares getting traded on Friday. Post opening the session at $23.55, the shares hit an intraday low of $22.73 and an intraday high of $23.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Stratasys Ltd.

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