Analysts Set $20.00 Target Price for Ennis, Inc. (NYSE:EBF)

Shares of Ennis, Inc. (NYSE:EBF) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a 12 month consensus target price of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 205 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Ennis from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.

A number of institutional investors have recently made changes to their positions in EBF. Bank of New York Mellon Corp grew its stake in Ennis by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 308,292 shares of the industrial products company’s stock worth $6,305,000 after buying an additional 3,260 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ennis by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 523,976 shares of the industrial products company’s stock valued at $10,715,000 after purchasing an additional 55,981 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ennis by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,685,966 shares of the industrial products company’s stock valued at $34,478,000 after purchasing an additional 27,350 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Ennis by 26.1% in the 3rd quarter. Legal & General Group Plc now owns 4,520 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 935 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Ennis by 1.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 57,701 shares of the industrial products company’s stock valued at $1,180,000 after purchasing an additional 771 shares in the last quarter. Hedge funds and other institutional investors own 82.66% of the company’s stock.

Ennis stock traded down $0.21 during trading hours on Friday, reaching $18.71. 53,268 shares of the stock were exchanged, compared to its average volume of 92,436. The company has a market capitalization of $494.87 million, a price-to-earnings ratio of 12.90 and a beta of 0.52. The company has a quick ratio of 4.13, a current ratio of 5.25 and a debt-to-equity ratio of 0.10. Ennis has a twelve month low of $17.35 and a twelve month high of $22.98.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $100.70 million for the quarter. Ennis had a return on equity of 13.26% and a net margin of 9.34%. On average, sell-side analysts expect that Ennis will post 1.36 earnings per share for the current year.

Ennis Company Profile

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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