Deutsche Bank Reiterates a “Hold” Rating on 3D Systems (DDD) and $13 Target; Summit Materials Class A (SUM) Shorts Decreased By 1.32%




March 16, 2018 – By Hazel Jackson

Summit Materials Inc Class A (NYSE:SUM) had a decrease of 1.32% in short interest. SUM’s SI was 8.99 million shares in March as released by FINRA. Its down 1.32% from 9.11 million shares previously. With 1.05M avg volume, 9 days are for Summit Materials Inc Class A (NYSE:SUM)’s short sellers to cover SUM’s short positions. The stock increased 3.04% or $0.92 during the last trading session, reaching $31.23. About 1.17M shares traded. Summit Materials, Inc. (NYSE:SUM) has risen 29.53% since March 16, 2017 and is uptrending. It has outperformed by 12.83% the S&P500.

Among 19 analysts covering 3D Systems Corporation (NYSE:DDD), 2 have Buy rating, 6 Sell and 11 Hold. Therefore 11% are positive. 3D Systems Corporation has $22 highest and $6 lowest target. $12.63’s average target is -0.16% below currents $12.65 stock price. 3D Systems Corporation had 66 analyst reports since July 22, 2015 according to SRatingsIntel. Needham maintained 3D Systems Corporation (NYSE:DDD) on Monday, August 3 with “Buy” rating. Stifel Nicolaus maintained 3D Systems Corporation (NYSE:DDD) on Thursday, March 15 with “Hold” rating. The stock of 3D Systems Corporation (NYSE:DDD) has “Overweight” rating given on Thursday, December 17 by Stephens. The rating was maintained by Canaccord Genuity on Thursday, September 21 with “Hold”. The firm earned “Hold” rating on Wednesday, March 14 by Piper Jaffray. The rating was downgraded by Citigroup to “Sell” on Friday, April 15. FBR Capital maintained the shares of DDD in report on Thursday, March 1 with “Sell” rating. The stock of 3D Systems Corporation (NYSE:DDD) has “Neutral” rating given on Wednesday, November 1 by JP Morgan. The rating was upgraded by Gabelli on Friday, November 4 to “Buy”. The stock of 3D Systems Corporation (NYSE:DDD) earned “Hold” rating by Canaccord Genuity on Wednesday, August 2.

Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products. The company has market cap of $3.56 billion. The Company’s products include aggregates, cement, ready-mixed concrete, asphalt paving mixes, and concrete products. It has a 28.14 P/E ratio. The firm also provides paving and related services to private and public infrastructure sectors.

Among 15 analysts covering Summit Materials (NYSE:SUM), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Summit Materials had 38 analyst reports since August 17, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 2 by Stifel Nicolaus. RBC Capital Markets maintained Summit Materials, Inc. (NYSE:SUM) rating on Thursday, November 3. RBC Capital Markets has “Outperform” rating and $26 target. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, February 15. RBC Capital Markets maintained it with “Buy” rating and $36.0 target in Tuesday, November 14 report. The stock of Summit Materials, Inc. (NYSE:SUM) has “Buy” rating given on Thursday, August 4 by Citigroup. On Tuesday, March 22 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Barclays Capital initiated the shares of SUM in report on Tuesday, December 12 with “Hold” rating. The firm earned “Buy” rating on Monday, June 19 by RBC Capital Markets. The stock of Summit Materials, Inc. (NYSE:SUM) has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. Deutsche Bank maintained the stock with “Buy” rating in Thursday, February 15 report.

3D Systems Corporation, through its subsidiaries, provides 3D printing services and products worldwide. The company has market cap of $1.44 billion. The company’s 3D printers transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts using a range of print materials, including plastic, nylon, metal, composite, elastomeric, wax, polymeric dental materials, and Class IV bio-compatible materials. It currently has negative earnings. It offers various 3D printing technologies, such as stereolithography, selective laser sintering, direct metal printing, multijet printing, and colorjet printing.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.42, from 1.41 in 2017Q2. It is negative, as 31 investors sold 3D Systems Corporation shares while 43 reduced holdings. 29 funds opened positions while 75 raised stakes. 66.82 million shares or 4.62% more from 63.87 million shares in 2017Q2 were reported. Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0% in 3D Systems Corporation (NYSE:DDD). 18,580 were reported by Proshare Ltd. Susquehanna International Gp Ltd Liability Partnership invested in 0% or 31,525 shares. Moreover, Alliancebernstein Limited Partnership has 0% invested in 3D Systems Corporation (NYSE:DDD). Citadel Advisors Llc invested in 0.01% or 794,608 shares. Gmt Capital has 241,300 shares. Principal Fincl Grp Incorporated reported 482,134 shares or 0.01% of all its holdings. State Common Retirement Fund, New York-based fund reported 133,206 shares. Blair William Il has 440,260 shares. Weatherly Asset Management Lp reported 0.08% in 3D Systems Corporation (NYSE:DDD). Winfield Assoc Inc has 0% invested in 3D Systems Corporation (NYSE:DDD). Art Ltd Liability Com holds 0.04% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 57,000 shares. State Teachers Retirement Sys has invested 0.01% of its portfolio in 3D Systems Corporation (NYSE:DDD). Jpmorgan Chase holds 2,902 shares or 0% of its portfolio. 17,310 were reported by Cutter Company Brokerage Inc.

The stock decreased 1.63% or $0.21 during the last trading session, reaching $12.65. About 2.06 million shares traded. 3D Systems Corporation (NYSE:DDD) has risen 77.31% since March 16, 2017 and is uptrending. It has outperformed by 60.61% the S&P500.

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