Ennis (NYSE:EBF) Stock Rating Upgraded by Wall Street Zen

Ennis (NYSE:EBF) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, Weiss Ratings downgraded Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Ennis Stock Performance

Ennis stock opened at $22.26 on Monday. Ennis has a 1 year low of $16.30 and a 1 year high of $22.40. The firm’s 50-day moving average is $21.10 and its 200-day moving average is $20.80. The company has a market cap of $563.13 million, a P/E ratio of 13.33 and a beta of 0.27.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The business had revenue of $98.61 million during the quarter, compared to analyst estimates of $98.20 million. During the same period in the prior year, the company posted $0.38 EPS.

Institutional Trading of Ennis

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Ennis by 34.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock valued at $7,306,000 after purchasing an additional 92,266 shares during the period. Empowered Funds LLC acquired a new stake in Ennis in the 1st quarter worth $319,000. Cetera Investment Advisers grew its position in Ennis by 4.6% in the 2nd quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 633 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Ennis by 399.6% during the 2nd quarter. Quantbot Technologies LP now owns 4,971 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 3,976 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Ennis by 18.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 68,511 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 10,744 shares during the period. Institutional investors and hedge funds own 74.33% of the company’s stock.

About Ennis

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.