Zacks Investment Research Upgrades Electronics For Imaging (EFII) to “Buy”

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Zacks Investment Research upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a hold rating to a buy rating in a research note published on Tuesday. The firm currently has $35.00 price target on the technology company’s stock.

According to Zacks, “Electronics for Imaging, Inc. (EFI) is leading the transformation from analog to digital imaging with scalable, digital, award-winning products. Based in Silicon Valley, California with offices around the world, EFI develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process, increasing your competitiveness and boosting productivity. “

A number of other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Electronics For Imaging from a buy rating to a hold rating in a research report on Monday, August 13th. BidaskClub lowered shares of Electronics For Imaging from a hold rating to a sell rating in a report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $37.75.

NASDAQ:EFII opened at $30.50 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 2.55 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 114.30, a P/E/G ratio of 24.11 and a beta of 1.06. Electronics For Imaging has a fifty-two week low of $25.28 and a fifty-two week high of $43.42.

Electronics For Imaging (NASDAQ:EFII) last posted its quarterly earnings data on Monday, July 30th. The technology company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The company had revenue of $261.07 million for the quarter, compared to analyst estimates of $263.72 million. Electronics For Imaging had a positive return on equity of 0.50% and a negative net margin of 2.29%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. As a group, equities research analysts predict that Electronics For Imaging will post 0.45 EPS for the current year.

In other news, insider Guy Gecht sold 9,000 shares of the company’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 completion of the sale, the insider now owns 282,367 shares of the company’s stock, valued at $9,820,724.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.63% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Keybank National Association OH grew its holdings in shares of Electronics For Imaging by 4.7% in the second quarter. Keybank National Association OH now owns 33,022 shares of the technology company’s stock valued at $1,075,000 after purchasing an additional 1,478 shares during the period. Aperio Group LLC grew its holdings in shares of Electronics For Imaging by 17.8% in the second quarter. Aperio Group LLC now owns 9,899 shares of the technology company’s stock valued at $322,000 after purchasing an additional 1,499 shares during the period. Guggenheim Capital LLC grew its holdings in shares of Electronics For Imaging by 17.4% in the first quarter. Guggenheim Capital LLC now owns 11,785 shares of the technology company’s stock valued at $323,000 after purchasing an additional 1,743 shares during the period. Legal & General Group Plc grew its holdings in shares of Electronics For Imaging by 1.9% in the first quarter. Legal & General Group Plc now owns 92,881 shares of the technology company’s stock valued at $2,510,000 after purchasing an additional 1,756 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Electronics For Imaging by 45.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 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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