Electronics for Imaging, Inc. (EFII) Price Target Raised to $33.00 at Morgan Stanley
Electronics for Imaging, Inc. (NASDAQ:EFII) had its target price hoisted by Morgan Stanley from $29.00 to $33.00 in a report published on Friday morning. The firm currently has an underweight rating on the technology company’s stock.
Other analysts have also issued reports about the stock. TheStreet lowered shares of Electronics for Imaging from a b- rating to a c rating in a report on Friday, August 4th. Cross Research lowered shares of Electronics for Imaging from a buy rating to a hold rating and set a $55.00 price objective on the stock. in a report on Friday, August 4th. ValuEngine lowered shares of Electronics for Imaging from a hold rating to a sell rating in a report on Friday, September 8th. Aegis began coverage on shares of Electronics for Imaging in a report on Tuesday, June 13th. They issued a buy rating and a $58.00 price objective on the stock. Finally, Needham & Company LLC boosted their price objective on shares of Electronics for Imaging from $38.00 to $45.00 and gave the company a buy rating in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Electronics for Imaging presently has an average rating of Buy and an average price target of $51.10.
Electronics for Imaging (EFII) traded up 0.14% on Friday, hitting $41.44. 380,199 shares of the stock were exchanged. The stock’s 50 day moving average price is $36.33 and its 200 day moving average price is $44.82. The firm has a market cap of $1.92 billion, a PE ratio of 42.94 and a beta of 1.27. Electronics for Imaging has a 52-week low of $25.54 and a 52-week high of $51.15.
Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings data on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $247.65 million. Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. Equities research analysts forecast that Electronics for Imaging will post $2.43 earnings per share for the current year.
Electronics for Imaging declared that its board has authorized a stock repurchase plan on Monday, September 11th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $48.25, for a total value of $434,250.00. Following the completion of the transaction, the chief executive officer now directly owns 386,760 shares of the company’s stock, valued at approximately $18,661,170. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 45,458 shares of company stock valued at $2,118,405. 1.88% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Electronics for Imaging in the 2nd quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Electronics for Imaging by 83.0% in the 1st 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 in the last quarter. Strs Ohio grew its position in Electronics for Imaging by 91.7% in the 1st 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 in the last quarter. TrimTabs Asset Management LLC acquired a new position in Electronics for Imaging in the 2nd quarter valued at about $216,000. Finally, Shelton Capital Management acquired a new position in Electronics for Imaging in the 2nd quarter valued at about $219,000.
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.
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