Stratasys, Ltd. (NASDAQ:SSYS), a leading global provider of 3D printing and additive manufacturing solutions, has teamed up with Dunwoody College of Technology as it incorporates additive manufacturing into its curriculum.
Dunwoody College of Technology, located in Minneapolis, has been on the forefront of manufacturing education for over 100 years. Because additive manufacturing is becoming a more mainstream technique, Dunwoody decided to increase emphasis on it in its program.
“I see additive manufacturing as an essential partner to the traditional manufacturing process,” says E.J. Daigle, the Dean of the schools Robotics and Manufacturing Department. “Not only do we want to give our students the tools to intertwine both, but we saw a need for businesses in the industry to further their education. Stratasys has been the ideal partner for the development of our courses and curriculum.”
Dunwoody uses a Fortus 400mc and two Fortus 250mc 3D Production Systems as teaching tools in its program. By collaborating with Stratasys, Dunwoody will expand its curriculum and offer a certificate program for students and professionals around the country.
“The partnership allows Stratasys to collaborate with Dunwoody’s talented instructors who have years of experience in manufacturing technology,” says Stratasys’ Education Manager, Jesse Roitenberg. “Manufacturers are in need of a trained and talented workforce that is up-to-date on how additive manufacturing can enhance traditional processes, and this partnership will begin that evolution in training.” (Original Source)
Shares of Stratasys opened today at $38.69 and are currently trading down at $37.65. SSYS has a 1-year high of $130.83 and a 1-year low of $33.85. The stock’s 50-day moving average is $36.11 and its 200-day moving average is $58.21.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on June 17, Needham analyst James Ricchiuti reiterated a Buy rating on SSYS, with a price target of $46, which implies an upside of 18.9% from current levels. Separately, on the same day, Oppenheimer’s Holden Lewis maintained a Buy rating on the stock and has a price target of $50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, James Ricchiuti and Holden Lewis have a total average return of 4.4% and -11.7% respectively. Ricchiuti has a success rate of 55.7% and is ranked #1009 out of 3640 analysts, while Lewis has a success rate of 33.3% and is ranked #3500.
In total, 7 research analysts have assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $50.50 which is 30.5% above where the stock opened today.
Stratasys Ltd provides additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. It offers 3D printers and 3D production systems.