Proto Labs (NYSE:PRLB) Raised to “Buy” at ValuEngine
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.
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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