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

Ennis (NYSE:EBF) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Ennis Stock Down 0.0 %

Shares of NYSE:EBF opened at $21.30 on Tuesday. Ennis has a 52-week low of $18.88 and a 52-week high of $25.75. The stock’s fifty day simple moving average is $21.71 and its 200-day simple moving average is $22.20. The company has a market capitalization of $553.89 million, a P/E ratio of 13.48 and a beta of 0.41.

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

Hedge Funds Weigh In On Ennis

Several institutional investors have recently added to or reduced their stakes in EBF. Point72 Asset Management L.P. acquired a new stake in Ennis during the second quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ennis during the second quarter worth about $54,000. Mather Group LLC. acquired a new stake in Ennis during the second quarter worth about $72,000. FMR LLC increased its stake in Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 855 shares during the last quarter. Finally, CWM LLC increased its stake in Ennis by 97.0% during the second quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 1,895 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

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.