Electronics For Imaging (EFII) Rating Lowered to Hold at Loop Capital

Loop Capital lowered shares of Electronics For Imaging (NASDAQ:EFII) from a buy rating to a hold rating in a report published on Tuesday morning, BenzingaRatingsTable reports. They currently have $37.00 price target on the technology company’s stock, up from their prior price target of $35.00.

A number of other equities analysts have also recently weighed in on EFII. Zacks Investment Research raised Electronics For Imaging from a strong sell rating to a hold rating in a report on Tuesday, January 1st. ValuEngine cut Electronics For Imaging from a buy rating to a hold rating in a report on Wednesday, January 2nd. BidaskClub raised Electronics For Imaging from a sell rating to a hold rating in a report on Saturday, January 12th. Cross Research cut Electronics For Imaging from a buy rating to a hold rating and set a $20.12 price target for the company. in a report on Wednesday, January 16th. Finally, Citigroup cut their price target on Electronics For Imaging to $32.00 and set a buy rating for the company in a report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Electronics For Imaging presently has a consensus rating of Hold and a consensus price target of $29.45.

NASDAQ EFII opened at $37.65 on Tuesday. Electronics For Imaging has a fifty-two week low of $19.76 and a fifty-two week high of $38.33. The firm has a market capitalization of $1.62 billion, a PE ratio of -1,882.50 and a beta of 1.09. The company has a quick ratio of 1.12, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. Electronics For Imaging had a negative return on equity of 0.13% and a negative net margin of 0.10%. The company had revenue of $256.95 million during the quarter, compared to analysts’ expectations of $256.10 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts predict that Electronics For Imaging will post -0.43 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in EFII. Riverhead Capital Management LLC increased its stake in Electronics For Imaging by 34.8% in the third quarter. Riverhead Capital Management LLC now owns 8,530 shares of the technology company’s stock valued at $291,000 after purchasing an additional 2,200 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in Electronics For Imaging by 31.9% in the third quarter. MetLife Investment Advisors LLC now owns 29,256 shares of the technology company’s stock valued at $997,000 after purchasing an additional 7,070 shares during the last quarter. Teachers Advisors LLC increased its stake in Electronics For Imaging by 5.0% in the third quarter. Teachers Advisors LLC now owns 87,709 shares of the technology company’s stock valued at $2,989,000 after purchasing an additional 4,200 shares during the last quarter. Legal & General Group Plc increased its stake in Electronics For Imaging by 6.6% in the third quarter. Legal & General Group Plc now owns 102,729 shares of the technology company’s stock valued at $3,489,000 after purchasing an additional 6,357 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Electronics For Imaging by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,534,498 shares of the technology company’s stock valued at $154,535,000 after purchasing an additional 58,334 shares during the last quarter.

Electronics For Imaging Company Profile

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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