BidaskClub upgraded shares of Electronics for Imaging (NASDAQ:EFII) from a sell rating to a hold rating in a research report report published on Thursday morning.
Several other analysts also recently commented on the company. Zacks Investment Research upgraded Electronics for Imaging from a sell rating to a hold rating in a research note on Tuesday, December 26th. Stifel Nicolaus increased their target price on Electronics for Imaging from $36.00 to $40.00 and gave the company a buy rating in a research note on Thursday, February 1st. Griffin Securities reiterated a buy rating on shares of Electronics for Imaging in a research note on Thursday, February 1st. ValuEngine cut Electronics for Imaging from a hold rating to a sell rating in a report on Friday, February 2nd. Finally, Barclays cut Electronics for Imaging from an equal weight rating to an underweight rating and lowered their price target for the company from $33.00 to $31.00 in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Electronics for Imaging has a consensus rating of Hold and an average target price of $42.78.
EFII traded down $0.06 during trading on Thursday, hitting $29.29. 92,730 shares of the company’s stock traded hands, compared to its average volume of 580,726. The company has a current ratio of 2.61, a quick ratio of 2.21 and a debt-to-equity ratio of 0.41. Electronics for Imaging has a 12-month low of $25.28 and a 12-month high of $50.98. The company has a market cap of $1,331.78, a price-to-earnings ratio of 113.81, a P/E/G ratio of 41.10 and a beta of 1.02.
Electronics for Imaging (NASDAQ:EFII) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). Electronics for Imaging had a negative net margin of 1.54% and a positive return on equity of 1.46%. The business had revenue of $269.20 million for the quarter, compared to analysts’ expectations of $264.62 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. research analysts forecast that Electronics for Imaging will post 0.24 EPS for the current year.
In other news, CEO Guy Gecht sold 9,000 shares of the stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $26.78, for a total transaction of $241,020.00. Following the transaction, the chief executive officer now directly owns 307,006 shares of the company’s stock, valued at approximately $8,221,620.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 27,000 shares of company stock worth $768,960 over the last three months. Insiders own 1.88% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Elkfork Partners LLC bought a new position in Electronics for Imaging in the 4th quarter worth $156,000. Cornerstone Capital Management Holdings LLC. bought a new position in Electronics for Imaging in the 4th quarter worth $463,000. Teacher Retirement System of Texas bought a new position in Electronics for Imaging in the 4th quarter worth $467,000. Vident Investment Advisory LLC bought a new position in Electronics for Imaging in the 4th quarter worth $504,000. Finally, Stone Ridge Asset Management LLC bought a new position in Electronics for Imaging in the 4th quarter worth $508,000.
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Electronics for Imaging Company Profile
Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.
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