Stratasys, Ltd. (NASDAQ:SSYS), the 3D printing and additive manufacturing solutions company, today announced that automotive giant, Opel, is slashing manufacturing tool production costs by up to 90% using its Stratasys 3D Printers, as well as 3D printing assembly tools in less than 24 hours.
Opel was the third-largest passenger car brand in theEuropean Union in 2014, and together with Vauxhall, sold more than a million cars. With efficient production crucial to its success, Opel’s International Technical Development Center is 3D printing a range of manufacturing and assembly tools to advance the production of its iconic ‘Adam’ hatchback car. These assembly tools are used to precisely attach different components to the car, such as the rocker molding and roof spoilers, align the iconic ‘Adam’ lettering on the rear-side window, as well as assemble the glass and retractable roofs.
“Besides the cut in tool production time and considerable cost reductions, customized tools are a third important benefit achieved with 3D printing. We are now able to produce more complex shapes than we could via conventional manufacturing. This crucially allows us to adapt the tool to the worker and the specific car,” saysSascha Holl, Virtual Simulation Engineer – Tool Design at Opel. (Original Source)
Shares of Stratasys closed yesterday at $22.58. SSYS has a 1-year high of $106.86 and a 1-year low of $22.15. The stock’s 50-day moving average is $27.65 and its 200-day moving average is $31.67.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on November 12, Stifel Nicolaus analyst Patrick Newton maintained a Hold rating on SSYS. Separately, on November 9, Needham’s James Ricchiuti maintained a Buy rating on the stock and has a price target of $32.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Patrick Newton and James Ricchiuti have a total average return of -2.5% and -3.1% respectively. Newton has a success rate of 45.2% and is ranked #3043 out of 3849 analysts, while Ricchiuti has a success rate of 45.2% and is ranked #3438.
Overall, one research analyst has rated the stock with a Sell rating, 4 research analysts have assigned a Hold rating and 4 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 $31.00 which is 37.3% above where the stock closed yesterday.
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.