Barclays PLC Trims Electronics for Imaging, Inc. (EFII) Target Price to $42.00
Electronics for Imaging, Inc. (NASDAQ:EFII) had its target price dropped by research analysts at Barclays PLC from $46.00 to $42.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays PLC’s target price would suggest a potential upside of 41.18% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Citigroup Inc. reiterated a “buy” rating and issued a $53.00 price objective on shares of Electronics for Imaging in a report on Thursday, September 7th. Loop Capital started coverage on Electronics for Imaging in a report on Monday, July 24th. They issued a “buy” rating and a $58.00 price objective for the company. Cross Research upgraded Electronics for Imaging from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Needham & Company LLC upped their price objective on Electronics for Imaging from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. Finally, Stifel Nicolaus dropped their price objective on Electronics for Imaging from $49.00 to $42.00 and set a “buy” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Electronics for Imaging presently has a consensus rating of “Hold” and a consensus target price of $47.63.
Electronics for Imaging (NASDAQ:EFII) traded down 29.39% during trading on Friday, hitting $29.75. The company had a trading volume of 8,825,745 shares. The firm has a 50-day moving average of $41.64 and a 200 day moving average of $43.76. Electronics for Imaging has a 12-month low of $25.54 and a 12-month high of $51.15. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 30.83 and a beta of 1.30.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $248.36 million during the quarter, compared to the consensus estimate of $258.09 million. Electronics for Imaging had a net margin of 3.09% and a return on equity of 3.68%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS. On average, equities research analysts forecast that Electronics for Imaging will post $2.44 earnings per share for the current year.
Electronics for Imaging announced that its Board of Directors has initiated a stock repurchase program on Monday, September 11th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total value of $384,840.00. Following the completion of the sale, the chief executive officer now directly owns 364,885 shares in the company, valued at $15,602,482.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.88% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of EFII. Falcon Point Capital LLC acquired a new position in shares of Electronics for Imaging during the second quarter worth about $14,015,000. RK Capital Management LLC acquired a new position in shares of Electronics for Imaging during the second quarter worth about $13,271,000. Fred Alger Management Inc. acquired a new position in shares of Electronics for Imaging during the second quarter worth about $10,746,000. Smith Graham & Co. Investment Advisors LP boosted its position in shares of Electronics for Imaging by 147.9% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 338,185 shares of the technology company’s stock worth $14,434,000 after buying an additional 201,769 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in shares of Electronics for Imaging by 52.7% during the second quarter. Rice Hall James & Associates LLC now owns 569,125 shares of the technology company’s stock worth $26,965,000 after buying an additional 196,355 shares during the period.
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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