GREY:VJTTY - Post by User
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ramuntchoon Jun 08, 2017 1:16pm
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VJET Voxeljet UP 0.60$ @5.59
VJET Voxeljet UP 0.60$ @5.59Article May 15, 2017 5:33 AM
Get AlertsVJET Hot Sheet Price: $5.60 +12.22% Rating Summary: 4 Buy,
3 Hold,
0 Sell Rating Trend: Up Today's Overall Ratings: Up: 11 | Down: 17 | New: 17 Trade VJET Now! Join SI Premium – FREE
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Cowen upgraded Voxeljet AG (NYSE:
VJET) from Market Perform to Outperform with a price target of $5.50 (from $3.00).
Analyst Robert Stone commented, "Q1 loss per ADS was 1c (12%) wider than we modeled, on 5% better revenue, as a decline in systems sales was nearly offset by strong growth and margins from services. Higher systems sales in H2 should drive full-year results. The Q4 launch of HSS should open a new printer/materials segment. We see industry growth picking up, raise 2017E. Upgrade to Outperform (1), PT $5.50, ~2.2x EV/2018E sales."
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