Barclays PLC Reiterates “Buy” Rating for Electronics for Imaging, Inc. (EFII)
Electronics for Imaging, Inc. (NASDAQ:EFII)‘s stock had its “buy” rating reissued by stock analysts at Barclays PLC in a note issued to investors on Thursday. They currently have a $47.00 target price on the technology company’s stock. Barclays PLC’s price objective would suggest a potential upside of 15.25% from the company’s current price.
Other analysts have also recently issued reports about the company. TheStreet raised Electronics for Imaging from a “c+” rating to a “b-” rating in a report on Monday, June 5th. BidaskClub cut Electronics for Imaging from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Loop Capital started coverage on Electronics for Imaging in a report on Monday, July 24th. They set a “buy” rating and a $58.00 price objective for the company. Aegis started coverage on Electronics for Imaging in a report on Tuesday, June 13th. They set a “buy” rating and a $58.00 price objective for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective (down from $53.00) on shares of Electronics for Imaging in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Electronics for Imaging presently has a consensus rating of “Hold” and a consensus price target of $50.70.
Electronics for Imaging (NASDAQ:EFII) opened at 40.78 on Thursday. Electronics for Imaging has a 52-week low of $25.54 and a 52-week high of $51.15. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 42.26 and a beta of 1.27. The stock’s 50 day moving average is $37.36 and its 200 day moving average is $45.00.
Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The firm had revenue of $247.00 million for the quarter, compared to the consensus estimate of $247.65 million. Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. Equities research analysts forecast that Electronics for Imaging will post $2.48 earnings per share for the current year.
Electronics for Imaging declared that its board has initiated a stock buyback program on Monday, September 11th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
In other news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00. Following the completion of the transaction, the chief executive officer now directly owns 386,760 shares in the company, valued at approximately $18,661,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 45,458 shares of company stock valued at $2,118,405 over the last 90 days. Corporate insiders own 1.88% of the company’s stock.
Several institutional investors have recently bought and sold shares of EFII. Strs Ohio grew its position in shares of Electronics for Imaging by 91.7% during the 1st quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after buying an additional 1,100 shares during the period. Russell Investments Group Ltd. grew its position in shares of Electronics for Imaging by 5.7% in the 1st quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock valued at $442,000 after purchasing an additional 490 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Electronics for Imaging by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,712 shares of the technology company’s stock valued at $3,159,000 after purchasing an additional 3,438 shares during the period. Tyers Asset Management LLC grew its position in shares of Electronics for Imaging by 9.3% in the 1st quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after purchasing an additional 196 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Electronics for Imaging in the 1st quarter valued at approximately $371,000.
Electronics for Imaging Company Profile
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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