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

Cross Research upgraded shares of Electronics for Imaging, Inc. (NASDAQ:EFII) from a hold rating to a buy rating in a report issued on Wednesday, September 6th, Marketbeat.com reports.

Other research analysts also recently issued reports about the stock. TheStreet downgraded shares of Electronics for Imaging from a b- rating to a c rating in a research report on Friday, August 4th. Needham & Company LLC boosted their target price on shares of Electronics for Imaging from $38.00 to $45.00 and gave the company a buy rating in a research report on Wednesday, September 6th. Aegis started coverage on shares of Electronics for Imaging in a research report on Tuesday, June 13th. They set a buy rating and a $58.00 target price for the company. Sidoti downgraded shares of Electronics for Imaging from a buy rating to a neutral rating in a research report on Friday, August 4th. Finally, Longbow Research downgraded shares of Electronics for Imaging from a buy rating to a neutral rating in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $50.70.

Electronics for Imaging (EFII) traded up 2.11% during midday trading on Wednesday, reaching $41.59. The company had a trading volume of 702,035 shares. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 43.10 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 company has a 50-day moving average price of $36.71 and a 200-day moving average price of $44.90.

Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. The firm had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $247.65 million. During the same period in the prior year, the firm posted $0.56 earnings per share. Electronics for Imaging’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts expect that Electronics for Imaging will post $2.44 earnings per share for the current year.

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Electronics for Imaging announced that its board has initiated a share buyback program on Monday, September 11th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In other Electronics for Imaging news, CEO Guy Gecht sold 9,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $41.02, for a total transaction of $369,180.00. Following the sale, the chief executive officer now directly owns 377,950 shares in the company, valued at approximately $15,503,509. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 45,458 shares of company stock worth $2,118,405. 1.88% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in EFII. Strs Ohio increased 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 valued at $112,000 after purchasing an additional 1,100 shares during the last quarter. Russell Investments Group Ltd. increased 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 valued at $442,000 after purchasing an additional 490 shares during the last quarter. Great West Life Assurance Co. Can increased 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 valued at $3,159,000 after purchasing an additional 3,438 shares during the last quarter. Tyers Asset Management LLC increased its position in shares of Electronics for Imaging by 9.3% in 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 purchased a new stake in shares of Electronics for Imaging in 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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