Barclays PLC Reiterates Buy Rating for Electronics for Imaging, Inc. (EFII)
Electronics for Imaging, Inc. (NASDAQ:EFII)‘s stock had its “buy” rating reaffirmed by investment analysts at Barclays PLC in a research note issued to investors on Thursday. They currently have a $47.00 target price on the technology company’s stock. Barclays PLC’s price target would indicate a potential upside of 13.01% from the company’s previous close.
A number of other equities research analysts have also issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of Electronics for Imaging in a research note on Tuesday. ValuEngine lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Morgan Stanley increased their target price on Electronics for Imaging from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, September 8th. Zacks Investment Research lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Finally, Capital One Financial Corporation began coverage on Electronics for Imaging in a research note on Thursday, September 7th. They issued an “overweight” rating for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $50.70.
Shares of Electronics for Imaging (EFII) traded up 2.11% during trading on Thursday, hitting $41.59. The stock had a trading volume of 702,035 shares. The stock’s 50-day moving average price is $36.71 and its 200-day moving average price is $44.90. The company has a market cap of $1.93 billion, a P/E ratio of 43.10 and a beta of 1.27. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15.
Electronics for Imaging (NASDAQ:EFII) last posted its earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The company had revenue of $247.00 million during the quarter, compared to analyst estimates of $247.65 million. During the same quarter last year, the business posted $0.56 EPS. Electronics for Imaging’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts forecast that Electronics for Imaging will post $2.44 EPS for the current fiscal year.
Electronics for Imaging announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00. Following the completion of the sale, the chief executive officer now owns 386,760 shares in the company, valued at approximately $18,661,170. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 45,458 shares of company stock valued at $2,118,405. 1.88% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EFII. Strs Ohio grew its position in shares of Electronics for Imaging by 91.7% in the 1st quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after acquiring an additional 1,100 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Electronics for Imaging by 5.7% in the 1st quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock worth $442,000 after acquiring an additional 490 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Electronics for Imaging by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,712 shares of the technology company’s stock worth $3,159,000 after acquiring an additional 3,438 shares in the last quarter. Tyers Asset Management LLC grew its position in shares of Electronics for Imaging by 9.3% in the 1st quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock worth $112,000 after acquiring an additional 196 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Electronics for Imaging in the 1st quarter worth approximately $371,000.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
Receive News & Ratings for Electronics for Imaging Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronics for Imaging Inc. and related companies with MarketBeat.com's FREE daily email newsletter.