B.Riley FBR analyst Christopher Van Horn maintained a Buy rating on The ExOne Company (XONE – Research Report) on September 13 and set a price target of $12. The company’s shares closed last Monday at $9.
Van Horn observed:
“We are transferring coverage of The ExOne Company (XONE) to Christopher Van Horn, due to a reallocation of resources, and maintaining our Buy rating and 12-month price target of $12. We continue to believe that XONE has one of the more compelling growth opportunities in the 3D printing space because of its technology leadership in binder jetting, a high-volume additive manufacturing process that targets industrial verticals like automotive and foundry. XONE’s recent product introductions and partnerships with industry 4.0 stakeholders should help support its continued growth, in our view. Further, we continue to believe that, as XONE’s revenue profile ramps up, the company’s profitability should inflect and move full-year AEBITDA into positive territory.”
According to TipRanks.com, Horn is a 3-star analyst with an average return of 1.6% and a 49.4% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Crawford United Corporation Class A, Motorcar Parts Of America, and Standard Motor Products.
Currently, the analyst consensus on The ExOne Company is a Moderate Buy with an average price target of $12.
Based on The ExOne Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.79 million. In comparison, last year the company had a GAAP net loss of $8.04 million.
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The ExOne Co. engages in the development, manufacture, and marketing of 3D printing machines. It offers 3D printing solutions to industrial customers in the aerospace, automotive, heavy equipment, energy, and oil & gas industries. The company was founded in 2005 and is headquartered in North Huntingdon, PA.