Cross Research Upgrades Electronics for Imaging, Inc. (EFII) to Buy

Cross Research upgraded shares of Electronics for Imaging, Inc. (NASDAQ:EFII) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Marketbeat reports.

Other equities analysts have also recently issued reports about the company. TheStreet upgraded Electronics for Imaging from a c+ rating to a b- rating in a report on Monday, June 5th. BidaskClub cut Electronics for Imaging from a strong-buy rating to a buy rating in a report on Tuesday, June 27th. Loop Capital started coverage on Electronics for Imaging in a report on Monday, July 24th. They issued a buy rating and a $58.00 price objective for the company. Aegis started coverage on Electronics for Imaging in a report on Tuesday, June 13th. They issued a buy rating and a $58.00 price objective for the company. Finally, Needham & Company LLC reiterated a buy rating and issued a $38.00 price objective (down from $53.00) on shares of Electronics for Imaging in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $50.78.

Electronics for Imaging (NASDAQ:EFII) opened at 38.20 on Wednesday. The company has a market capitalization of $1.78 billion, a P/E ratio of 37.75 and a beta of 1.27. Electronics for Imaging has a 52-week low of $25.54 and a 52-week high of $51.15. The firm has a 50-day moving average price of $37.79 and a 200 day moving average price of $45.11.

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In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $48.25, for a total transaction of $434,250.00. Following the completion of the transaction, the chief executive officer now owns 386,760 shares of the company’s stock, valued at approximately $18,661,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 36,458 shares of company stock valued at $1,749,225. 1.88% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EFII. Strs Ohio raised its position in Electronics for Imaging by 91.7% during the 1st quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after purchasing an additional 1,100 shares during the last quarter. Russell Investments Group Ltd. raised its position in Electronics for Imaging by 5.7% during the 1st quarter. Russell Investments Group Ltd. now owns 9,067 shares of the technology company’s stock valued at $442,000 after purchasing an additional 490 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Electronics for Imaging by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 64,712 shares of the technology company’s stock valued at $3,159,000 after purchasing an additional 3,438 shares during the last quarter. Tyers Asset Management LLC raised its position in Electronics for Imaging by 9.3% during the 1st quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock valued at $112,000 after purchasing an additional 196 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Electronics for Imaging during the 1st quarter valued at approximately $371,000.

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.

Analyst Recommendations for Electronics for Imaging (NASDAQ:EFII)

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