Zacks: Brokerages Set $20.00 Price Target for Ennis, Inc. (EBF)

Ennis, Inc. (NYSE:EBF) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a 12-month consensus price target of $20.00 for the company, according to Zacks. Zacks has also assigned Ennis an industry rank of 3 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Ennis from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, December 25th.

Shares of EBF traded down $0.07 during trading hours on Thursday, reaching $19.77. The stock had a trading volume of 178,682 shares, compared to its average volume of 132,381. The company has a quick ratio of 4.07, a current ratio of 5.32 and a debt-to-equity ratio of 0.10. Ennis has a 52 week low of $17.35 and a 52 week high of $22.98. The stock has a market cap of $516.47 million, a P/E ratio of 13.63 and a beta of 0.50.

Ennis (NYSE:EBF) last released its quarterly earnings data on Friday, December 21st. The industrial products company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Ennis had a net margin of 9.70% and a return on equity of 13.58%. The business had revenue of $108.07 million during the quarter. On average, equities research analysts expect that Ennis will post 1.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 11th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Thursday, January 10th. Ennis’s dividend payout ratio (DPR) is presently 69.77%.

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in Ennis by 20.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,151,600 shares of the industrial products company’s stock worth $23,550,000 after purchasing an additional 196,300 shares in the last quarter. First Trust Advisors LP increased its holdings in Ennis by 38.2% during the 3rd quarter. First Trust Advisors LP now owns 39,925 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 11,039 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Ennis by 1.5% during the 3rd quarter. Wells Fargo & Company MN now owns 2,336,078 shares of the industrial products company’s stock worth $47,774,000 after purchasing an additional 34,029 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Ennis by 9.9% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 193,400 shares of the industrial products company’s stock worth $3,955,000 after purchasing an additional 17,500 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Ennis by 721.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,570 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 5,770 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

About Ennis

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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