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Here’s Why Brean Capital Reiterated Cautious Stance On 3D Systems Corporation


In a research report released today, Brean Capital analyst Ananda Baruah maintained a Hold rating on 3D Systems Corporation (NYSE:DDD), as the company reported fourth-quarter and full-year 2014 results before markets opened Thursday. No price target was provided.

Baruah noted, “DDD is using 1H15 to position itself for both revenue and EPS acceleration in 2H15. The risk would be that North American channel execution doesn’t improve at the planned pace, hampering 2H15 acceleration. As such, there could be some risk attached to the upper half of DDD’s ’15 guidance range of $850M – $900M and $0.90 – $1.10. Until more clarity is available entering mid-year, we believe DDD could continue to trade at 25x – 35x P/ E on ’15 EPS, which places the stock at a $23 – $38.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ananda Baruah has a total average return of 3.9% and a 66.7% success rate. Baruah has a -29.4% average return when recommending DDD, and is ranked #957 out of 3483 analysts.