Ennis (NYSE:EBF) Rating Increased to Strong-Buy at StockNews.com

Ennis (NYSE:EBF) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

Ennis Trading Down 0.4 %

EBF opened at $20.61 on Monday. The stock has a market cap of $535.53 million, a PE ratio of 12.88 and a beta of 0.40. Ennis has a 1 year low of $18.88 and a 1 year high of $25.75. The stock’s 50 day simple moving average is $23.17 and its 200-day simple moving average is $21.97.

Ennis (NYSE:EBF) last posted its earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. The business had revenue of $99.04 million during the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Ennis by 74.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company’s stock valued at $1,346,000 after acquiring an additional 27,921 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in Ennis in the second quarter valued at about $494,000. Cubist Systematic Strategies LLC bought a new position in Ennis during the second quarter worth about $543,000. AQR Capital Management LLC grew its position in shares of Ennis by 74.5% during the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock worth $5,870,000 after buying an additional 114,516 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Ennis by 11.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 61,646 shares of the industrial products company’s stock valued at $1,264,000 after acquiring an additional 6,139 shares during the last quarter. 74.33% of the stock is currently owned by 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.