DA Davidson Reaffirms “Buy” Rating for EVI Industries (NYSEAMERICAN:EVI)

EVI Industries (NYSEAMERICAN:EVI)‘s stock had its “buy” rating restated by DA Davidson in a research report issued on Thursday, Benzinga reports. They currently have a $32.00 price target on the industrial products company’s stock. DA Davidson‘s price target would suggest a potential upside of 44.99% from the stock’s current price.

Separately, UBS Group downgraded shares of EVI Industries to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.00.

EVI Industries Price Performance

EVI traded down $1.07 on Thursday, hitting $22.07. 58,999 shares of the stock were exchanged, compared to its average volume of 56,999. EVI Industries has a 12 month low of $12.75 and a 12 month high of $27.00. The business has a 50-day moving average of $19.05 and a two-hundred day moving average of $18.53. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 0.87. The firm has a market capitalization of $286.26 million, a price-to-earnings ratio of 36.32 and a beta of 0.01.

EVI Industries (NYSEAMERICAN:EVI) last released its earnings results on Monday, November 9th. The industrial products company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. EVI Industries had a net margin of 2.15% and a return on equity of 6.54%. The firm had revenue of $112.95 million for the quarter, compared to analyst estimates of $114.70 million.

Institutional Trading of EVI Industries

Several large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in EVI Industries in the second quarter valued at about $59,000. Deutsche Bank AG acquired a new position in EVI Industries during the second quarter worth about $62,000. Hsbc Holdings PLC bought a new position in shares of EVI Industries in the second quarter worth about $177,000. Bard Associates Inc. bought a new position in shares of EVI Industries in the second quarter worth about $216,000. Finally, Bank of America Corp DE bought a new position in shares of EVI Industries in the second quarter worth about $217,000. 37.30% of the stock is owned by institutional investors and hedge funds.

About EVI Industries

EVI Industries, Inc. is a value-added distributor of commercial and industrial equipment, parts, supplies and related services. The company primarily serves the commercial laundry, dry-cleaning and textile-care markets, providing equipment such as washers, dryers, finishing systems and dry-cleaning machines, along with installation, maintenance, repair and technical support. EVI’s customers include businesses and institutions in the hospitality, healthcare, multi-housing, laundromat, government, correctional and other service industries.