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Electronics for Imaging (NASDAQ:EFII) was downgraded by research analysts at Griffin Securities from a “buy” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.

Electronics for Imaging (NASDAQ:EFII) traded up 3.64% on Wednesday, hitting $42.37. The stock had a trading volume of 1,016,313 shares. Electronics for Imaging has a 1-year low of $21.97 and a 1-year high of $41.96. The stock has a 50-day moving average of $38.99 and a 200-day moving average of $34.36. The company has a market cap of $1.993 billion and a P/E ratio of 21.87.

Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. The company had revenue of $197.20 million for the quarter, compared to the consensus estimate of $189.52 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Electronics for Imaging will post $1.72 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on EFII. Analysts at Barclays initiated coverage on shares of Electronics for Imaging in a research note to investors on Wednesday, January 22nd. They set an “overweight” rating and a $47.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Electronics for Imaging from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $43.40 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Electronics for Imaging from $36.00 to $41.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Electronics for Imaging currently has a consensus rating of “Buy” and an average target price of $45.35.

Electronics For Imaging, Inc (NASDAQ:EFII), is a provider of digital printing innovation focused on the transformation of the printing, packaging, and decorative industries from the use of traditional analog based presses to digital on-demand printing.

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