Ennis (NYSE:EBF) Downgraded by StockNews.com to “Buy”

Ennis (NYSE:EBF) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Ennis Trading Up 0.4 %

EBF stock opened at $21.37 on Wednesday. Ennis has a 12-month low of $18.88 and a 12-month high of $25.75. The stock has a market capitalization of $555.62 million, a price-to-earnings ratio of 13.53 and a beta of 0.41. The firm’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $22.23.

Ennis (NYSE:EBF) last issued its quarterly earnings data 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 net margin of 10.15% and a return on equity of 11.64%.

Institutional Investors Weigh In On Ennis

A number of institutional investors have recently modified their holdings of EBF. AQR Capital Management LLC raised its position in Ennis by 74.5% in 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 last quarter. American Century Companies Inc. increased its position in Ennis by 47.1% in the second quarter. American Century Companies Inc. now owns 274,947 shares of the industrial products company’s stock worth $6,019,000 after buying an additional 88,042 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ennis by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company’s stock worth $17,195,000 after acquiring an additional 36,187 shares in the last quarter. Barclays PLC raised its position in shares of Ennis by 35.7% during the 3rd quarter. Barclays PLC now owns 128,298 shares of the industrial products company’s stock valued at $3,120,000 after purchasing an additional 33,748 shares during the period. Finally, Creative Planning lifted its position in shares of Ennis by 84.9% in the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after acquiring an additional 26,207 shares in the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

About Ennis

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.