Goldman Sachs Group Begins Coverage on Electronics For Imaging (EFII)

Equities research analysts at Goldman Sachs Group started coverage on shares of Electronics For Imaging (NASDAQ:EFII) in a research note issued to investors on Friday, The Fly reports. The firm set a “neutral” rating on the technology company’s stock.

Several other research analysts also recently issued reports on EFII. Zacks Investment Research downgraded Electronics For Imaging from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. ValuEngine downgraded Electronics For Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Finally, BidaskClub downgraded Electronics For Imaging from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.00.

Shares of Electronics For Imaging stock opened at $27.21 on Friday. Electronics For Imaging has a 1 year low of $25.28 and a 1 year high of $35.62. The company has a market cap of $1.20 billion, a P/E ratio of 100.78, a P/E/G ratio of 82.61 and a beta of 1.00.

Electronics For Imaging (NASDAQ:EFII) last issued its quarterly earnings data on Monday, October 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Electronics For Imaging had a positive return on equity of 0.51% and a negative net margin of 2.27%. The firm had revenue of $257.10 million during the quarter, compared to the consensus estimate of $263.24 million. During the same period in the previous year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts predict that Electronics For Imaging will post 0.11 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Keybank National Association OH grew its stake in Electronics For Imaging by 4.7% in the 2nd quarter. Keybank National Association OH now owns 33,022 shares of the technology company’s stock worth $1,075,000 after acquiring an additional 1,478 shares during the period. Aperio Group LLC grew its stake in Electronics For Imaging by 17.8% in the 2nd quarter. Aperio Group LLC now owns 9,899 shares of the technology company’s stock worth $322,000 after acquiring an additional 1,499 shares during the period. Envestnet Asset Management Inc. grew its stake in Electronics For Imaging by 45.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock worth $186,000 after acquiring an additional 1,792 shares during the period. Scout Investments Inc. grew its stake in Electronics For Imaging by 2.2% in the 3rd quarter. Scout Investments Inc. now owns 97,358 shares of the technology company’s stock worth $3,318,000 after acquiring an additional 2,061 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in Electronics For Imaging by 34.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 8,530 shares of the technology company’s stock worth $291,000 after acquiring an additional 2,200 shares during the period.

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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