Electronics For Imaging (NASDAQ:EFII) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday, November 8th.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Electronics For Imaging from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, October 16th. ValuEngine raised shares of Electronics For Imaging from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Finally, Citigroup reduced their price objective on shares of Electronics For Imaging from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.00.
Electronics For Imaging stock traded up $0.21 during mid-day trading on Thursday, hitting $27.68. 677,772 shares of the stock were exchanged, compared to its average volume of 507,109. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 102.52, a PEG ratio of 83.88 and a beta of 1.07. Electronics For Imaging has a 12 month low of $25.28 and a 12 month high of $35.62.
Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Monday, October 29th. The technology company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $257.10 million during the quarter, compared to the consensus estimate of $263.24 million. Electronics For Imaging had a negative net margin of 2.27% and a positive return on equity of 0.51%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Equities research analysts expect that Electronics For Imaging will post 0.11 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of EFII. Envestnet Asset Management Inc. grew its position in Electronics For Imaging by 45.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 shares during the period. Amalgamated Bank purchased a new position in Electronics For Imaging during the 2nd quarter worth $213,000. United Services Automobile Association purchased a new position in Electronics For Imaging during the 2nd quarter worth $231,000. Crossmark Global Holdings Inc. purchased a new position in Electronics For Imaging during the 2nd quarter worth $237,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Electronics For Imaging during the 2nd quarter worth $281,000.
Electronics For Imaging Company Profile
Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.
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