Wall Street Zen Upgrades Ennis (NYSE:EBF) to “Buy”

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

Separately, Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Ennis Stock Performance

Shares of Ennis stock opened at $21.50 on Friday. The stock has a 50 day moving average of $21.53 and a 200 day moving average of $21.07. The firm has a market capitalization of $544.05 million, a price-to-earnings ratio of 12.88 and a beta of 0.27. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.94.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Ennis in the 2nd quarter valued at $25,000. Compass Financial Management LLC purchased a new position in Ennis in the second quarter worth $27,000. MBM Wealth Consultants LLC acquired a new stake in Ennis in the first quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its position in shares of Ennis by 1,037.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,390 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 890 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.