Electronics For Imaging (EFII) Upgraded to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a sell rating to a hold rating in a report released on Tuesday.
According to Zacks, “Electronics for Imaging, Inc. (EFI) is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process, increasing your competitiveness and boosting productivity. “
Several other research firms have also recently commented on EFII. Wells Fargo & Co initiated coverage on Electronics For Imaging in a research note on Tuesday, November 14th. They set a market perform rating and a $32.00 target price for the company. Citigroup decreased their target price on Electronics For Imaging from $53.00 to $43.00 and set a buy rating for the company in a research note on Monday, October 30th. ValuEngine cut Electronics For Imaging from a hold rating to a sell rating in a research note on Friday, February 2nd. Barclays cut Electronics For Imaging from an equal weight rating to an underweight rating and decreased their target price for the stock from $33.00 to $31.00 in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus raised their target price on Electronics For Imaging from $36.00 to $40.00 and gave the stock a buy rating in a research note on Thursday, February 1st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Electronics For Imaging currently has a consensus rating of Hold and an average price target of $42.78.
Electronics For Imaging (NASDAQ:EFII) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Electronics For Imaging had a positive return on equity of 1.46% and a negative net margin of 1.54%. The company had revenue of $269.20 million for the quarter, compared to the consensus estimate of $264.62 million. During the same quarter last year, the business earned $0.77 earnings per share. Electronics For Imaging’s revenue was up .9% compared to the same quarter last year. research analysts predict that Electronics For Imaging will post 0.24 EPS for the current fiscal year.
In other Electronics For Imaging news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $29.65, for a total value of $266,850.00. Following the completion of the sale, the chief executive officer now owns 333,450 shares of the company’s stock, valued at $9,886,792.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 36,000 shares of company stock valued at $1,061,640 in the last three months. Insiders own 1.88% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Elkfork Partners LLC acquired a new stake in Electronics For Imaging in the fourth quarter valued at approximately $156,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Electronics For Imaging during the third quarter valued at approximately $213,000. Stoneridge Investment Partners LLC purchased a new position in shares of Electronics For Imaging during the third quarter valued at approximately $282,000. Catalyst Capital Advisors LLC purchased a new position in shares of Electronics For Imaging during the third quarter valued at approximately $286,000. Finally, FDx Advisors Inc. purchased a new position in shares of Electronics For Imaging during the third quarter valued at approximately $290,000.
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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