Electronics For Imaging (EFII) Downgraded by Loop Capital to “Hold”

Loop Capital lowered shares of Electronics For Imaging (NASDAQ:EFII) from a buy rating to a hold rating in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. Loop Capital currently has $37.00 price target on the technology company’s stock, up from their prior price target of $35.00.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Electronics For Imaging from a sell rating to a hold rating in a report on Tuesday, April 2nd. Morgan Stanley restated an underweight rating on shares of Electronics For Imaging in a report on Wednesday, January 16th. BidaskClub upgraded Electronics For Imaging from a hold rating to a buy rating in a report on Tuesday, April 9th. ValuEngine upgraded Electronics For Imaging from a buy rating to a strong-buy rating in a report on Monday. Finally, Cross Research cut Electronics For Imaging from a buy rating to a hold rating and set a $20.12 target price for the company. in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Electronics For Imaging currently has a consensus rating of Hold and a consensus target price of $29.45.

Shares of Electronics For Imaging stock opened at $37.65 on Tuesday. Electronics For Imaging has a 12 month low of $19.76 and a 12 month high of $38.33. The stock has a market cap of $1.62 billion, a P/E ratio of -1,882.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.12.

Electronics For Imaging (NASDAQ:EFII) last announced its earnings results on Wednesday, January 30th. The technology company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Electronics For Imaging had a negative return on equity of 0.13% and a negative net margin of 0.10%. The company had revenue of $256.95 million during the quarter, compared to analysts’ expectations of $256.10 million. During the same period last year, the business posted $0.52 EPS. Electronics For Imaging’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities analysts expect that Electronics For Imaging will post -0.43 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of EFII. Geode Capital Management LLC boosted its stake in shares of Electronics For Imaging by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 525,886 shares of the technology company’s stock valued at $13,041,000 after buying an additional 46,079 shares in the last quarter. Norges Bank purchased a new stake in shares of Electronics For Imaging in the fourth quarter valued at approximately $11,355,000. FMR LLC purchased a new stake in shares of Electronics For Imaging in the fourth quarter valued at approximately $1,580,000. Millennium Management LLC boosted its stake in shares of Electronics For Imaging by 119.1% in the fourth quarter. Millennium Management LLC now owns 381,175 shares of the technology company’s stock valued at $9,453,000 after buying an additional 207,182 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Electronics For Imaging by 3.1% in the fourth quarter. Legal & General Group Plc now owns 105,884 shares of the technology company’s stock valued at $2,637,000 after buying an additional 3,155 shares in the last quarter.

About Electronics For Imaging

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.

Featured Story: Bull Market

Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

Receive News & Ratings for Electronics For Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronics For Imaging and related companies with MarketBeat.com's FREE daily email newsletter.