BidaskClub Upgrades Electronics For Imaging (NASDAQ:EFII) to “Hold”

BidaskClub upgraded shares of Electronics For Imaging (NASDAQ:EFII) from a sell rating to a hold rating in a research report report published on Wednesday, June 26th, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a research report on Tuesday, April 2nd. Citigroup lowered their target price on UnitedHealth Group from $288.00 to $247.00 and set a neutral rating for the company in a report on Wednesday, April 17th. Loop Capital lowered their target price on J B Hunt Transport Services to $133.00 and set a buy rating for the company in a report on Tuesday, April 16th. Needham & Company LLC downgraded shares of Electronics For Imaging from a buy rating to a hold rating in a research note on Monday, April 15th. Finally, ValuEngine upgraded shares of ZTE CORP/ADR from a hold rating to a buy rating in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Electronics For Imaging currently has an average rating of Hold and an average price target of $31.69.

Electronics For Imaging stock traded up $0.01 during midday trading on Wednesday, reaching $37.00. 189,256 shares of the stock were exchanged, compared to its average volume of 784,338. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Electronics For Imaging has a 52 week low of $19.76 and a 52 week high of $38.33. The firm has a fifty day simple moving average of $36.85. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -1,850.00 and a beta of 1.10.

Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.17). The firm had revenue of $223.72 million for the quarter, compared to analysts’ expectations of $218.89 million. Electronics For Imaging had a negative net margin of 1.61% and a negative return on equity of 2.16%. As a group, analysts forecast that Electronics For Imaging will post -0.43 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in Electronics For Imaging by 19.1% during the 4th quarter. Rhumbline Advisers now owns 138,123 shares of the technology company’s stock valued at $3,425,000 after acquiring an additional 22,118 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Electronics For Imaging in the fourth quarter worth approximately $414,000. Virginia Retirement Systems ET AL grew its stake in shares of Electronics For Imaging by 4.7% in the fourth quarter. Virginia Retirement Systems ET AL now owns 29,000 shares of the technology company’s stock worth $719,000 after acquiring an additional 1,300 shares during the period. California Public Employees Retirement System grew its position in Electronics For Imaging by 19.2% during the fourth quarter. California Public Employees Retirement System now owns 96,466 shares of the technology company’s stock valued at $2,392,000 after buying an additional 15,508 shares during the period. Finally, Pearl River Capital LLC bought a new stake in Electronics For Imaging during the fourth quarter valued at approximately $32,000.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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