EVI Industries (NYSEAMERICAN:EVI) Earns Buy Rating from DA Davidson

EVI Industries (NYSEAMERICAN:EVI)‘s stock had its “buy” rating reissued by DA Davidson in a report released on Friday, Benzinga reports. They currently have a $32.00 target price on the industrial products company’s stock. DA Davidson’s price target suggests a potential upside of 81.04% from the company’s previous close.

EVI Industries Stock Performance

Shares of NYSEAMERICAN:EVI traded up $0.02 during midday trading on Friday, hitting $17.68. The company had a trading volume of 5,111 shares, compared to its average volume of 52,001. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.64 and a quick ratio of 0.87. The company has a market cap of $227.67 million, a price-to-earnings ratio of 36.81 and a beta of 0.09. EVI Industries has a 12-month low of $12.75 and a 12-month high of $34.82. The company has a fifty day moving average of $15.07 and a two-hundred day moving average of $17.36.

EVI Industries (NYSEAMERICAN:EVI) last announced its earnings results on Tuesday, September 8th. The industrial products company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. EVI Industries had a return on equity of 5.31% and a net margin of 1.73%.The company had revenue of $121.87 million for the quarter, compared to analysts’ expectations of $117.10 million.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EVI. Bard Associates Inc. grew its holdings in EVI Industries by 4.5% during the 4th quarter. Bard Associates Inc. now owns 14,720 shares of the industrial products company’s stock valued at $363,000 after buying an additional 631 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of EVI Industries by 7.8% during the first quarter. Bank of New York Mellon Corp now owns 19,402 shares of the industrial products company’s stock valued at $399,000 after buying an additional 1,408 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of EVI Industries in the second quarter worth $59,000. Deutsche Bank AG purchased a new position in shares of EVI Industries in the second quarter worth $62,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of EVI Industries by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 111,750 shares of the industrial products company’s stock worth $2,300,000 after acquiring an additional 4,187 shares during the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.

About EVI Industries

EVI Industries, Inc is a distributor of commercial and industrial equipment and related services. The company primarily serves the textile-care industry, supplying commercial laundry and dry-cleaning equipment such as washers, dryers, finishing systems, ironers, folders and garment-care equipment.

In addition to equipment sales, EVI provides installation, maintenance, repair, technical support, replacement parts and operating supplies. Its customers include businesses and institutions in the hospitality, health care, correctional, retail laundry, dry-cleaning and other textile-service markets.

Headquartered in Miami, Florida, EVI serves customers through a network of operating companies and distribution locations in the United States and selected international markets.