Electronics for Imaging, Inc. (NASDAQ:EFII) Given Average Recommendation of “Buy” by Brokerages
Electronics for Imaging, Inc. (NASDAQ:EFII) has earned an average rating of “Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $55.50.
A number of brokerages have issued reports on EFII. Aegis began coverage on shares of Electronics for Imaging in a research note on Tuesday, June 13th. They set a “buy” rating and a $58.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $53.00 target price (down previously from $54.00) on shares of Electronics for Imaging in a research note on Wednesday, April 19th. Longbow Research lowered shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, BidaskClub lowered shares of Electronics for Imaging from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th.
Electronics for Imaging (NASDAQ EFII) opened at 48.98 on Tuesday. Electronics for Imaging has a 12 month low of $40.72 and a 12 month high of $51.15. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 48.40 and a beta of 1.22. The company has a 50 day moving average price of $47.95 and a 200 day moving average price of $46.56.
Electronics for Imaging (NASDAQ:EFII) last issued its earnings results on Thursday, April 20th. The technology company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of $228.70 million during the quarter, compared to analyst estimates of $239.19 million. Electronics for Imaging had a net margin of 4.96% and a return on equity of 7.77%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Equities research analysts predict that Electronics for Imaging will post $2.59 earnings per share for the current year.
In other Electronics for Imaging news, CEO Guy Gecht sold 13,712 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $47.57, for a total transaction of $652,279.84. Following the completion of the transaction, the chief executive officer now owns 392,648 shares of the company’s stock, valued at approximately $18,678,265.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Georgens sold 25,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $46.56, for a total transaction of $1,164,000.00. Following the transaction, the director now directly owns 68,500 shares of the company’s stock, valued at approximately $3,189,360. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,126 shares of company stock valued at $3,098,994. Company insiders own 1.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFII. Russell Investments Group Ltd. purchased a new position in Electronics for Imaging during the fourth quarter worth $376,000. FMR LLC increased its position in Electronics for Imaging by 4.4% in the fourth quarter. FMR LLC now owns 1,291,921 shares of the technology company’s stock valued at $56,664,000 after buying an additional 54,800 shares during the last quarter. Guggenheim Capital LLC bought a new position in Electronics for Imaging during the fourth quarter valued at about $321,000. Thrivent Financial for Lutherans increased its position in Electronics for Imaging by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,060 shares of the technology company’s stock valued at $1,099,000 after buying an additional 1,240 shares during the last quarter. Finally, Norges Bank bought a new position in Electronics for Imaging during the fourth quarter valued at about $12,991,000.
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About Electronics for Imaging
Electronics For Imaging, Inc 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. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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