Canaccord Genuity Maintains a Buy Rating on ExOne


In a report released yesterday, Robert Burleson from Canaccord Genuity maintained a Buy rating on ExOne (NASDAQ: XONE), with a price target of $12. The company’s shares closed yesterday at $7.92.

According to TipRanks.com, Burleson is a 5-star analyst with an average return of 13.6% and a 61.9% success rate. Burleson covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Faro Technologies, and Nano Dimension.

ExOne has an analyst consensus of Moderate Buy, with a price target consensus of $12.

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Based on ExOne’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.39 million. In comparison, last year the company had a GAAP net loss of $6.79 million.

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The ExOne Co. engages in the development, manufacture, and marketing of 3D printing machines. It offers 3D printing solutions to industrial customers in the aerospace, automotive, heavy equipment, energy, and oil & gas industries. The company was founded in 2005 and is headquartered in North Huntingdon, PA.

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