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

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

Ennis Price Performance

NYSE EBF opened at $20.66 on Wednesday. The company has a fifty day moving average price of $20.96 and a 200-day moving average price of $22.00. The firm has a market cap of $537.26 million, a price-to-earnings ratio of 12.99 and a beta of 0.41. Ennis has a 1 year low of $18.88 and a 1 year high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Institutional Investors Weigh In On Ennis

Several large investors have recently added to or reduced their stakes in EBF. FMR LLC boosted its position 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 purchasing an additional 855 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after buying an additional 4,000 shares during the period. SG Americas Securities LLC purchased a new position in Ennis in the 3rd quarter valued at approximately $103,000. CWM LLC grew its stake in Ennis by 30.9% in the 3rd quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock valued at $123,000 after buying an additional 1,190 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in Ennis by 10.3% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 663 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

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.