ValuEngine Downgrades Electronics For Imaging (EFII) to Hold

ValuEngine lowered shares of Electronics For Imaging (NASDAQ:EFII) from a buy rating to a hold rating in a research note published on Monday.

A number of other research analysts have also weighed in on EFII. BidaskClub lowered Electronics For Imaging from a hold rating to a sell rating in a report on Tuesday, August 7th. Zacks Investment Research upgraded Electronics For Imaging from a hold rating to a strong-buy rating and set a $38.00 price objective on the stock in a report on Friday, August 3rd. Morgan Stanley raised their price objective on Electronics For Imaging from $27.00 to $28.00 and gave the company an underweight rating in a report on Tuesday, May 1st. Finally, TheStreet upgraded Electronics For Imaging from a d+ rating to a c rating in a report on Tuesday, May 29th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $38.13.

EFII stock traded up $0.56 during midday trading on Monday, reaching $33.81. The stock had a trading volume of 4,066 shares, compared to its average volume of 400,899. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.15 and a current ratio of 2.55. The firm has a market capitalization of $1.52 billion, a P/E ratio of 124.93, a PEG ratio of 25.33 and a beta of 1.08. Electronics For Imaging has a 52-week low of $25.28 and a 52-week high of $43.89.

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

In other news, CEO Guy Gecht sold 9,000 shares of Electronics For Imaging stock in a transaction on Friday, July 27th. The stock was sold at an average price of $33.89, for a total transaction of $305,010.00. Following the transaction, the chief executive officer now owns 271,006 shares in the company, valued at approximately $9,184,393.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 27,000 shares of company stock worth $902,340. Insiders own 1.63% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EFII. Millennium Management LLC purchased a new position in shares of Electronics For Imaging during the 4th quarter worth $545,000. MetLife Investment Advisors LLC purchased a new position in shares of Electronics For Imaging during the 4th quarter worth $655,000. Rhumbline Advisers raised its holdings in shares of Electronics For Imaging by 1.5% during the 1st quarter. Rhumbline Advisers now owns 114,714 shares of the technology company’s stock worth $3,135,000 after acquiring an additional 1,696 shares during the period. Unterberg Capital LLC raised its holdings in Electronics For Imaging by 23.1% in the 1st quarter. Unterberg Capital LLC now owns 160,000 shares of the technology company’s stock valued at $4,373,000 after buying an additional 30,000 shares during the period. Finally, Boston Partners purchased a new stake in Electronics For Imaging in the 1st quarter valued at about $2,256,000.

About Electronics For Imaging

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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Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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