Ennis (NYSE:EBF) Rating Lowered to Hold at Wall Street Zen

Ennis (NYSE:EBF) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings cut Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Ennis Trading Down 0.2%

NYSE EBF opened at $22.07 on Friday. The company has a 50-day moving average price of $21.36 and a two-hundred day moving average price of $20.96. Ennis has a 52 week low of $16.30 and a 52 week high of $22.55. The stock has a market cap of $558.24 million, a price-to-earnings ratio of 13.21 and a beta of 0.27.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $98.61 million for the quarter, compared to analysts’ expectations of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same quarter in the previous year, the company posted $0.38 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MBM Wealth Consultants LLC acquired a new position in shares of Ennis during the first quarter valued at approximately $27,000. Compass Financial Management LLC acquired a new stake in Ennis in the second quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its position in Ennis by 1,037.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,390 shares during the period. WealthCollab LLC boosted its stake in Ennis by 180.9% during the 4th quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,165 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 890 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

Ennis Company Profile

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.