Electronics for Imaging, Inc. (EFII) Upgraded by ValuEngine to Hold
ValuEngine upgraded shares of Electronics for Imaging, Inc. (NASDAQ:EFII) from a sell rating to a hold rating in a research note published on Friday.
Several other research analysts also recently commented on the company. Barclays PLC reaffirmed a buy rating and issued a $47.00 price target on shares of Electronics for Imaging in a research report on Thursday. Needham & Company LLC reaffirmed a buy rating and issued a $48.00 price target (up from $45.00) on shares of Electronics for Imaging in a research report on Tuesday. Morgan Stanley lifted their price target on Electronics for Imaging from $28.00 to $29.00 and gave the stock an underweight rating in a research report on Friday, September 8th. Zacks Investment Research downgraded Electronics for Imaging from a hold rating to a sell rating in a research report on Thursday, September 7th. Finally, Capital One Financial Corporation began coverage on Electronics for Imaging in a research report on Thursday, September 7th. They issued an overweight rating on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Electronics for Imaging has a consensus rating of Buy and an average target price of $50.70.
Electronics for Imaging (NASDAQ EFII) traded up 2.11% during mid-day trading on Friday, hitting $41.59. 702,035 shares of the stock were exchanged. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The company has a 50-day moving average price of $36.71 and a 200-day moving average price of $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 (NASDAQ:EFII) last posted its earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. 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 firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts predict that Electronics for Imaging will post $2.44 earnings per share for the current fiscal year.
Electronics for Imaging announced that its board has initiated a share repurchase plan on Monday, September 11th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, CEO Guy Gecht sold 13,746 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $48.21, for a total transaction of $662,694.66. Following the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at $18,645,699.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 45,458 shares of company stock worth $2,118,405. 1.88% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Electronics for Imaging in the second quarter valued at $108,000. Tyers Asset Management LLC grew its position in Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after acquiring an additional 196 shares during the period. Strs Ohio grew its position in Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after acquiring an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock valued at $112,000 after acquiring an additional 1,037 shares during the period. Finally, Flinton Capital Management LLC grew its position in Electronics for Imaging by 9.3% in the first quarter. Flinton Capital Management LLC now owns 2,788 shares of the technology company’s stock valued at $136,000 after acquiring an additional 238 shares during the period.
About Electronics for Imaging
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.
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