ValuEngine upgraded shares of Proto Labs (NYSE:PRLB) from a hold rating to a buy rating in a research note issued to investors on Tuesday, ValuEngine reports.

Several other analysts have also recently commented on PRLB. Zacks Investment Research upgraded shares of Proto Labs from a hold rating to a buy rating and set a $117.00 price objective for the company in a research note on Thursday, August 1st. Piper Jaffray Companies decreased their price objective on shares of Proto Labs from $92.00 to $84.00 and set a neutral rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $126.25.

PRLB stock traded up $0.81 during trading on Tuesday, reaching $110.27. The company had a trading volume of 1,719 shares, compared to its average volume of 180,052. The firm has a 50-day simple moving average of $97.76 and a 200-day simple moving average of $105.28. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.08 and a current ratio of 4.26. Proto Labs has a twelve month low of $88.75 and a twelve month high of $166.60.

Proto Labs (NYSE:PRLB) last released its earnings results on Thursday, July 25th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $116.49 million. Proto Labs had a net margin of 15.71% and a return on equity of 13.14%. Proto Labs’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. Sell-side analysts expect that Proto Labs will post 2.5 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stonebridge Capital Advisors LLC acquired a new stake in Proto Labs during the 2nd quarter valued at approximately $30,000. Parallel Advisors LLC acquired a new stake in Proto Labs during the 1st quarter valued at approximately $34,000. NumerixS Investment Technologies Inc acquired a new stake in Proto Labs during the 2nd quarter valued at approximately $35,000. Icon Wealth Partners LLC acquired a new stake in Proto Labs during the 1st quarter valued at approximately $57,000. Finally, CSat Investment Advisory L.P. acquired a new stake in Proto Labs during the 2nd quarter valued at approximately $63,000. Institutional investors and hedge funds own 93.87% of the company’s stock.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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