Stock Update: 3D Systems Corporation (NYSE:DDD)

[Zacks] 3D Systems Corporation (NYSE:DDD) has announced its agreement for a $150 million unsecured revolving credit facility. The five-year facility comes with a scope for adding another $75 million to the company’s credit. A leading player in the 3D printing industry, 3D Systems has a robust balance sheet with cash and cash equivalents of about $570.3 million as on Jun 30, 2014.Stock PerformanceTaking a look at the company’s recent performance, 3D Systems Corporation (DDD) reported second quarter earnings for fiscal 2014 on July 31^st. The company reported actual earnings per share of $0.16 against the consensus Street estimate of $0.18. 3D Systems Corporation posted revenue of $151.50 billion against estimates of $162.30 billion.3D Systems Corporation (DDD) is currently valued at $4.50 billion and closed the last trading session at $40.90. The stock has a 50-day moving average of $50.38 and a 200-day moving average of $86.39.

Is this a Buying Opportunity?There are currently forty five analysts that we track that cover the stock. Of those forty five, thirty three have a Buy rating, ten have a hold rating and two have a Sell rating. On a consensus basis this yields a score of 2.69 and a Buy. The combined price objective of these covering analysts is $101.63, which represents a -0.85% difference to the last closing price.The most recent analyst activity consisted of Canaccord Genuity reiterating their Positive Buy stance on the company. On the date of the report, the stock closed at $49.02.Another research firm weighing in recently was Morgan Stanley who initiated coverage on the stock. On Sept 4^th Morgan Stanley equal weighted their price target on the stock from $122.24 to $51.85, or a 8.65% upside to the current price. On the day of the report, DDD shares closed at $51.51.Company Profile3D Systems Corporation (NYSE:DDD), through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. Its 3D printers convert data input from computer aided design generated software format or 3D scanning and sculpting devices to printed parts. The company offers stereolithography, selective laser sintering, direct metal sintering, multi-jet modeling, color jet printing, and film transfer imaging printers, as well as plastic jet printing products. It also blends, markets, sells, and distributes proprietary, consumable, engineered plastic, nylon, and metal materials and composites for the use in printers under Accura, DuraForm, CastForm, LaserForm, and VisiJet brand names.