Shares of Electronics For Imaging, Inc. (NASDAQ:EFII) have received a consensus recommendation of “Buy” from the eight research firms that are covering the stock. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $53.00.
EFII has been the topic of a number of recent analyst reports. TheStreet cut shares of Electronics For Imaging from a “b” rating to a “c+” rating in a report on Thursday, January 12th. Zacks Investment Research upgraded shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Stifel Nicolaus lowered their price target on shares of Electronics For Imaging from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. Finally, Needham & Company LLC lowered their price target on shares of Electronics For Imaging from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, January 26th.
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In related news, CEO Guy Gecht sold 9,000 shares of Electronics For Imaging stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $46.70, for a total value of $420,300.00. Following the completion of the sale, the chief executive officer now directly owns 419,648 shares in the company, valued at approximately $19,597,561.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 51,391 shares of company stock valued at $2,387,035 over the last quarter. 2.24% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in EFII. TIAA CREF Investment Management LLC boosted its stake in Electronics For Imaging by 13.8% in the third quarter. TIAA CREF Investment Management LLC now owns 261,310 shares of the company’s stock worth $12,783,000 after buying an additional 31,644 shares during the period. TimesSquare Capital Management LLC bought a new stake in Electronics For Imaging during the third quarter worth approximately $27,390,000. FMR LLC boosted its stake in Electronics For Imaging by 4.4% in the fourth quarter. FMR LLC now owns 1,291,921 shares of the company’s stock worth $56,664,000 after buying an additional 54,800 shares during the period. Capstone Investment Advisors LLC bought a new stake in Electronics For Imaging during the fourth quarter worth approximately $1,025,000. Finally, BlackRock Investment Management LLC boosted its stake in Electronics For Imaging by 0.7% in the third quarter. BlackRock Investment Management LLC now owns 197,670 shares of the company’s stock worth $9,670,000 after buying an additional 1,356 shares during the period.
Shares of Electronics For Imaging (NASDAQ:EFII) traded up 0.76% during mid-day trading on Wednesday, reaching $48.90. 288,994 shares of the company traded hands. The firm has a 50-day moving average price of $47.06 and a 200 day moving average price of $45.36. Electronics For Imaging has a 52 week low of $38.00 and a 52 week high of $50.09. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 51.47 and a beta of 1.31.
Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Electronics For Imaging had a net margin of 4.57% and a return on equity of 7.34%. The business had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $271.93 million. During the same period last year, the business earned $0.61 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Electronics For Imaging will post $2.69 earnings per share for the current year.
About Electronics For Imaging
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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Electronics For Imaging, Inc. (EFII) Receives $53.00 Consensus Price Target from Brokerages by: Steve Melvin published: