Ennis (NYSE:EBF) Rating Increased to Buy at Wall Street Zen

Ennis (NYSE:EBF) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Ennis Price Performance

EBF stock opened at $21.79 on Friday. The stock has a market capitalization of $551.26 million, a P/E ratio of 13.05 and a beta of 0.28. The business has a 50-day moving average of $20.52 and a 200-day moving average of $20.17. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.36.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 13.94% and a net margin of 10.84%.The business had revenue of $98.61 million during the quarter, compared to the consensus estimate of $98.20 million. During the same period last year, the company earned $0.38 earnings per share.

Hedge Funds Weigh In On Ennis

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of Ennis by 18.3% in the first quarter. Parallel Advisors LLC now owns 3,641 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 562 shares during the last quarter. Royal Bank of Canada grew its stake in Ennis by 9.0% in the first quarter. Royal Bank of Canada now owns 185,639 shares of the industrial products company’s stock valued at $3,976,000 after purchasing an additional 15,283 shares in the last quarter. Quantinno Capital Management LP grew its stake in Ennis by 46.2% in the first quarter. Quantinno Capital Management LP now owns 76,753 shares of the industrial products company’s stock valued at $1,644,000 after purchasing an additional 24,256 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Ennis by 14.1% during the 1st quarter. Lazard Asset Management LLC now owns 100,982 shares of the industrial products company’s stock worth $2,163,000 after purchasing an additional 12,454 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Ennis by 3.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 235,916 shares of the industrial products company’s stock worth $5,053,000 after purchasing an additional 7,413 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.

About Ennis

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.