StockNews.com Upgrades Ennis (NYSE:EBF) to Strong-Buy

Ennis (NYSE:EBF) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Ennis Stock Performance

NYSE:EBF traded up $0.17 during trading hours on Thursday, hitting $19.67. The company’s stock had a trading volume of 158,347 shares, compared to its average volume of 120,005. The business’s 50-day moving average is $19.97 and its two-hundred day moving average is $20.82. The company has a market capitalization of $509.06 million, a PE ratio of 11.99 and a beta of 0.44. Ennis has a 52-week low of $18.88 and a 52-week high of $23.17.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $97.43 million during the quarter. Ennis had a return on equity of 12.43% and a net margin of 10.14%.

Hedge Funds Weigh In On Ennis

A number of large investors have recently modified their holdings of EBF. MBM Wealth Consultants LLC raised its holdings in shares of Ennis by 6.9% during the 3rd quarter. MBM Wealth Consultants LLC now owns 12,119 shares of the industrial products company’s stock valued at $260,000 after buying an additional 781 shares during the period. Swiss National Bank raised its holdings in shares of Ennis by 2.0% during the 3rd quarter. Swiss National Bank now owns 56,900 shares of the industrial products company’s stock valued at $1,207,000 after buying an additional 1,100 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Ennis by 14.3% during the 3rd quarter. Lazard Asset Management LLC now owns 15,635 shares of the industrial products company’s stock valued at $331,000 after buying an additional 1,959 shares during the period. Millington Financial Advisors LLC raised its holdings in shares of Ennis by 5.4% during the 3rd quarter. Millington Financial Advisors LLC now owns 46,125 shares of the industrial products company’s stock valued at $979,000 after buying an additional 2,381 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Ennis by 10.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 31,003 shares of the industrial products company’s stock valued at $679,000 after purchasing an additional 3,058 shares in the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.