Electronics For Imaging (EFII) Upgraded at BidaskClub

BidaskClub upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a sell rating to a hold rating in a research report released on Thursday.

Several other equities research analysts have also commented on EFII. Zacks Investment Research upgraded shares of Electronics For Imaging from a hold rating to a strong-buy rating and set a $38.00 target price on the stock in a research report on Friday, August 3rd. ValuEngine upgraded shares of Electronics For Imaging from a hold rating to a buy rating in a research report on Tuesday, August 7th. Finally, Citigroup decreased their target price on shares of Electronics For Imaging from $43.00 to $38.00 and set a buy rating on the stock in a research report on Tuesday, October 30th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $33.67.

NASDAQ:EFII traded down $1.46 during midday trading on Thursday, reaching $29.74. The stock had a trading volume of 303,398 shares, compared to its average volume of 511,750. Electronics For Imaging has a 12-month low of $25.28 and a 12-month high of $35.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.01. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 110.15, a price-to-earnings-growth ratio of 93.97 and a beta of 1.07.

Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Monday, October 29th. The technology company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $257.10 million for the quarter, compared to analyst estimates of $263.24 million. Electronics For Imaging had a negative net margin of 2.27% and a positive return on equity of 0.51%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. As a group, analysts expect that Electronics For Imaging will post 0.11 earnings per share for the current fiscal year.

In other Electronics For Imaging news, insider Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $34.78, for a total transaction of $313,020.00. Following the sale, the insider now directly owns 282,367 shares in the company, valued at approximately $9,820,724.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.63% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in EFII. Guggenheim Capital LLC boosted its position in shares of Electronics For Imaging by 17.4% in the 1st quarter. Guggenheim Capital LLC now owns 11,785 shares of the technology company’s stock worth $323,000 after buying an additional 1,743 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Electronics For Imaging by 1.9% in the 1st quarter. Legal & General Group Plc now owns 92,881 shares of the technology company’s stock worth $2,510,000 after buying an additional 1,756 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Electronics For Imaging by 341.6% in the 1st quarter. Royal Bank of Canada now owns 35,670 shares of the technology company’s stock worth $975,000 after buying an additional 27,592 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Electronics For Imaging in the 2nd quarter worth about $281,000. Finally, Scout Investments Inc. boosted its position in shares of Electronics For Imaging by 4.5% in the 2nd quarter. Scout Investments Inc. now owns 95,297 shares of the technology company’s stock worth $3,103,000 after buying an additional 4,147 shares in the last quarter.

Electronics For Imaging Company Profile

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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