Ennis (NYSE:EBF) Stock Rating Upgraded by Wall Street Zen

Ennis (NYSE:EBF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Ennis in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Ennis Price Performance

Shares of EBF opened at $18.43 on Friday. The company has a 50-day simple moving average of $17.63 and a two-hundred day simple moving average of $17.85. The firm has a market capitalization of $466.02 million, a PE ratio of 11.10 and a beta of 0.36. Ennis has a one year low of $16.30 and a one year high of $22.00.

Ennis (NYSE:EBF) last announced its earnings results on Monday, December 22nd. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $100.17 million during the quarter, compared to analyst estimates of $100.50 million. Ennis had a return on equity of 14.11% and a net margin of 11.01%.During the same quarter in the prior year, the company earned $0.39 EPS.

Insider Transactions at Ennis

In related news, COO Boyne Wade Brewer bought 2,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $17.05 per share, with a total value of $34,100.00. Following the completion of the acquisition, the chief operating officer owned 23,684 shares of the company’s stock, valued at $403,812.20. The trade was a 9.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Ennis

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Ennis during the 3rd quarter valued at about $25,000. Traub Capital Management LLC bought a new stake in shares of Ennis during the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted its position in Ennis by 1,037.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,390 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Ennis during the 2nd quarter valued at $37,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Ennis by 56.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 890 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.