TheStreet Upgrades Electronics for Imaging Inc. (EFII) to Buy
Electronics for Imaging Inc. (NASDAQ:EFII) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other equities research analysts also recently commented on the stock. Citigroup Inc. lifted their price target on shares of Electronics for Imaging from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Zacks Investment Research raised shares of Electronics for Imaging from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, April 6th. Brean Capital reissued a “buy” rating on shares of Electronics for Imaging in a research report on Monday, June 20th. Finally, Morgan Stanley reissued a “hold” rating and issued a $47.00 target price on shares of Electronics for Imaging in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.71.
Shares of Electronics for Imaging (NASDAQ:EFII) traded down 2.75% during midday trading on Friday, hitting $46.64. 317,601 shares of the company’s stock were exchanged. Electronics for Imaging has a 1-year low of $35.88 and a 1-year high of $49.82. The stock’s 50 day moving average is $45.18 and its 200-day moving average is $42.93. The stock has a market cap of $2.18 billion, a PE ratio of 80.28 and a beta of 1.26.
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Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $346 million for the quarter, compared to analysts’ expectations of $247.61 million. Electronics for Imaging had a return on equity of 7.78% and a net margin of 2.87%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. Analysts predict that Electronics for Imaging will post $2.45 earnings per share for the current fiscal year.
In other Electronics for Imaging news, CEO Guy Gecht sold 36,023 shares of Electronics for Imaging stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $45.40, for a total transaction of $1,635,444.20. Following the transaction, the chief executive officer now directly owns 448,213 shares of the company’s stock, valued at $20,348,870.20. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.24% of the company’s stock.
Other hedge funds and institutional investors have made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in shares of Electronics for Imaging by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,855,488 shares of the company’s stock worth $121,044,000 after buying an additional 570,968 shares during the period. Norges Bank acquired a new position in shares of Electronics for Imaging during the fourth quarter worth $14,764,000. Bank of Montreal Can acquired a new position in shares of Electronics for Imaging during the second quarter worth $12,249,000. Brant Point Investment Management LLC acquired a new position in shares of Electronics for Imaging during the fourth quarter worth $10,273,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Electronics for Imaging during the first quarter worth $9,125,000.
About Electronics for Imaging
Electronics For Imaging, Inc (EFI) 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. The Company operates through three segments: Industrial Inkjet, Productivity Software and Fiery.
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