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How Will 3D Systems (NYSE:DDD) Stock React To JPMorgan’s Downgrade to “Underweight” from “Neutral”?

JP Morgan Analyst Rating Change 3D Systems NYSE:DDD

3D Systems (NYSE:DDD) Rating Change

JPMorgan cut the shares of 3D Systems (NYSE:DDD) from a “Neutral” rating to “Underweight” rating in an analyst note revealed to investors and clients on Friday morning.

According to data compiled by Thomson Reuters, 3D Systems (NYSE:DDD)’s stock is covered by 10 equity analysts across the Street, with 4 analysts giving it a Sell rating, 2 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $14.1, which reflects an upside potential of 61.51% over the current price.

Institutional Ownership

Investment Management Of Virginia Llc had the most significant stake with ownership of 1.66 million shares as of Q2 2015 for 7.3% of the long stock exposure. Villere St Denis J & Co Llc is another notably bullish fund who is having 5.57 million shares of 3D Systems or 6.14% of their long stock exposure. Also, Clark Estates Inc Ny have 4.95% of their long stock exposure invested in the company for 1.43 million shares. The New York-based fund Wall Street Access Asset Management Llc revealed it had acquired a stake worth about 3.72% of the fund’s stock portfolio in 3D Systems. The California-based fund David R. Rahn & Associates Inc. is also positive about the stock, possessing 365,894 shares or 0.93% of their long stock exposure.

3D Systems (NYSE:DDD) Profile

3D Systems Corp3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

3D Systems (NYSE:DDD) traded up 4.68% on 9 February, hitting $8.73. A total of 2.59 million shares of the company’s stock traded hands. This is down from average of 3.50 million shares. 3D Systems has a 52 week low of $7.92 and a 52 week high of $23.7. The company has a market cap of $994.02 million and a P/E ratio of 0.

Get the latest 3D Systems (NYSE:DDD) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post How Will 3D Systems (NYSE:DDD) Stock React To JPMorgan’s Downgrade to “Underweight” from “Neutral”? appeared first on Octafinance.

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How Will 3D Systems (NYSE:DDD) Stock React To JPMorgan’s Downgrade to “Underweight” from “Neutral”?


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