Electronics for Imaging, Inc. (NASDAQ:EFII) had its price target increased by Morgan Stanley from $29.00 to $33.00 in a research report issued to clients and investors on Friday. The firm presently has an “underweight” rating on the technology company’s stock. Morgan Stanley’s target price points to a potential downside of 20.37% from the company’s previous close.
Several other equities analysts have also commented on EFII. ValuEngine raised shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised shares of Electronics for Imaging from a “c+” rating to a “b-” rating in a report on Monday, June 5th. William Blair reaffirmed an “outperform” rating on shares of Electronics for Imaging in a report on Monday, June 12th. Aegis started coverage on shares of Electronics for Imaging in a report on Tuesday, June 13th. They set a “buy” rating and a $58.00 target price on the stock. Finally, Zacks Investment Research raised shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Electronics for Imaging presently has an average rating of “Buy” and a consensus target price of $51.10.
Electronics for Imaging (NASDAQ:EFII) opened at 41.44 on Friday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 42.94 and a beta of 1.27. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The stock’s 50 day moving average is $36.33 and its 200-day moving average is $44.82.
Electronics for Imaging (NASDAQ:EFII) last released its earnings results on Monday, September 11th. The technology company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The business had revenue of $247.00 million for the quarter, compared to the consensus estimate of $247.65 million. During the same period in the prior year, the business posted $0.56 EPS. Electronics for Imaging’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that Electronics for Imaging will post $2.43 earnings per share for the current fiscal year.
Electronics for Imaging announced that its Board of Directors has authorized a stock buyback plan on Monday, September 11th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other Electronics for Imaging news, CEO Guy Gecht sold 13,746 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66. Following the completion of the sale, the chief executive officer now owns 386,760 shares of the company’s stock, valued at approximately $18,645,699.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 45,458 shares of company stock valued at $2,118,405 in the last three months. 1.88% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of EFII. Strs Ohio lifted its position in shares of Electronics for Imaging by 91.7% in the 1st quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,100 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Electronics for Imaging by 5.7% in the 1st quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock worth $442,000 after purchasing an additional 490 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Electronics for Imaging by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,712 shares of the technology company’s stock worth $3,159,000 after purchasing an additional 3,438 shares during the period. First Trust Advisors LP purchased a new stake in shares of Electronics for Imaging in the 1st quarter worth about $371,000. Finally, American Century Companies Inc. purchased a new stake in shares of Electronics for Imaging in the 1st quarter worth about $2,152,000.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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