Electronics For Imaging, Inc. (EFII) Given Average Recommendation of “Hold” by Analysts
Electronics For Imaging, Inc. (NASDAQ:EFII) has received an average rating of “Hold” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $43.00.
A number of equities analysts have recently weighed in on the company. William Blair lowered Electronics For Imaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Electronics For Imaging in a research note on Sunday, October 29th. ValuEngine upgraded Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Barclays lowered their target price on Electronics For Imaging from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Finally, Loop Capital lowered their target price on Electronics For Imaging from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, October 27th.
In other Electronics For Imaging news, CEO Guy Gecht sold 9,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $29.50, for a total value of $265,500.00. Following the sale, the chief executive officer now owns 354,141 shares of the company’s stock, valued at approximately $10,447,159.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dan Maydan sold 6,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total value of $200,655.00. Following the completion of the sale, the director now directly owns 33,310 shares in the company, valued at approximately $1,028,279.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,500 shares of company stock worth $1,269,225. Company insiders own 1.88% of the company’s stock.
Shares of Electronics For Imaging (NASDAQ:EFII) opened at $30.89 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.63 and a quick ratio of 2.20. The stock has a market capitalization of $1,404.08, a P/E ratio of 47.52 and a beta of 1.26. Electronics For Imaging has a 52 week low of $25.54 and a 52 week high of $51.15.
Electronics For Imaging (NASDAQ:EFII) last announced its earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.10). The firm had revenue of $248.36 million for the quarter, compared to the consensus estimate of $258.09 million. Electronics For Imaging had a return on equity of 3.67% and a net margin of 3.09%. Electronics For Imaging’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. equities research analysts forecast that Electronics For Imaging will post 0.34 EPS for the current fiscal year.
Electronics For Imaging announced that its Board of Directors has authorized a share buyback plan on Monday, September 11th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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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