EVI Industries’ (EVI) “Buy” Rating Reaffirmed at DA Davidson

EVI Industries (NYSEAMERICAN:EVI)‘s stock had its “buy” rating restated by equities researchers at DA Davidson in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $32.00 price objective on the industrial products company’s stock. DA Davidson’s price target indicates a potential upside of 103.63% from the company’s current price.

EVI Industries Price Performance

Shares of NYSEAMERICAN:EVI traded up $0.49 on Thursday, reaching $15.71. 15,733 shares of the company traded hands, compared to its average volume of 51,574. The stock has a market capitalization of $202.25 million, a PE ratio of 33.12 and a beta of 0.09. EVI Industries has a fifty-two week low of $12.75 and a fifty-two week high of $34.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.60 and a quick ratio of 0.76. The company’s 50 day moving average is $14.98 and its 200-day moving average is $17.49.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings data on Tuesday, September 8th. The industrial products company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $121.87 million for the quarter, compared to analyst estimates of $117.10 million. EVI Industries had a return on equity of 5.38% and a net margin of 1.73%.

Institutional Trading of EVI Industries

Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of EVI Industries by 237.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 1,408 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in EVI Industries by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after buying an additional 491 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of EVI Industries during the second quarter valued at approximately $59,000. Deutsche Bank AG purchased a new stake in shares of EVI Industries in the second quarter worth about $62,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in EVI Industries by 27.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 829 shares in the last quarter. 37.30% of the stock is owned by institutional investors.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.