Electronics For Imaging (EFII) Coverage Initiated by Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Electronics For Imaging (NASDAQ:EFII) in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage issued a neutral rating and a $30.00 price objective on the technology company’s stock.

Several other research firms have also recently issued reports on EFII. ValuEngine cut shares of Electronics For Imaging from a buy rating to a hold rating in a report on Tuesday, November 20th. BidaskClub cut shares of Electronics For Imaging from a hold rating to a sell rating in a report on Thursday, November 15th. Zacks Investment Research cut shares of Electronics For Imaging from a hold rating to a strong sell rating in a report on Friday, November 2nd. Finally, Citigroup cut their price target on shares of Electronics For Imaging from $43.00 to $38.00 and set a buy rating on the stock in a report on Tuesday, October 30th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $33.33.

Shares of NASDAQ EFII traded down $1.43 during trading on Friday, reaching $25.78. 517,983 shares of the stock were exchanged, compared to its average volume of 495,206. Electronics For Imaging has a twelve month low of $25.28 and a twelve month high of $35.62. The stock has a market cap of $1.20 billion, a P/E ratio of 95.48, a PEG ratio of 82.45 and a beta of 1.00.

Electronics For Imaging (NASDAQ:EFII) last posted its earnings results on Monday, October 29th. The technology company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Electronics For Imaging had a negative net margin of 2.27% and a positive return on equity of 0.51%. The business had revenue of $257.10 million for the quarter, compared to analysts’ expectations of $263.24 million. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Electronics For Imaging will post 0.11 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in Electronics For Imaging by 45.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 shares during the last quarter. Amalgamated Bank bought a new stake in Electronics For Imaging during the second quarter valued at $213,000. United Services Automobile Association bought a new stake in Electronics For Imaging during the second quarter valued at $231,000. Crossmark Global Holdings Inc. bought a new stake in Electronics For Imaging during the second quarter valued at $237,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Electronics For Imaging during the second quarter valued at $290,000.

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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