Electronics For Imaging (EFII) Upgraded to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $37.00 price target on the technology company’s stock.

According to Zacks, “Electronics for Imaging, Inc. (EFI) is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process, increasing your competitiveness and boosting productivity. “

EFII has been the subject of several other reports. BidaskClub cut shares of Electronics For Imaging from a hold rating to a sell rating in a report on Tuesday, August 7th. ValuEngine upgraded shares of Electronics For Imaging from a hold rating to a buy rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $38.00.

Shares of EFII traded down $0.12 during midday trading on Wednesday, hitting $30.55. The stock had a trading volume of 364,136 shares, compared to its average volume of 507,010. Electronics For Imaging has a fifty-two week low of $25.28 and a fifty-two week high of $43.42. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 113.15, a PEG ratio of 25.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.15.

Electronics For Imaging (NASDAQ:EFII) last announced its earnings results on Monday, July 30th. The technology company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Electronics For Imaging had a positive return on equity of 0.50% and a negative net margin of 2.29%. The firm had revenue of $261.07 million during the quarter, compared to analyst estimates of $263.72 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Electronics For Imaging will post 0.45 earnings per share for the current year.

In other Electronics For Imaging news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $33.89, for a total value of $305,010.00. Following the completion of the transaction, the chief executive officer now directly owns 271,006 shares in the company, valued at $9,184,393.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.63% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of Electronics For Imaging by 45.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock worth $186,000 after purchasing an additional 1,792 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Electronics For Imaging in the second quarter worth approximately $213,000. United Services Automobile Association purchased a new stake in shares of Electronics For Imaging in the second quarter worth approximately $231,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Electronics For Imaging in the second quarter worth approximately $237,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Electronics For Imaging in the second quarter worth approximately $281,000.

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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