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

Ennis (NYSE:EBF) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ennis in a research report on Friday, July 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Ennis Price Performance

Shares of Ennis stock opened at $21.38 on Friday. Ennis has a twelve month low of $16.30 and a twelve month high of $22.36. The stock has a market cap of $540.91 million, a price-to-earnings ratio of 12.80 and a beta of 0.27. The company’s fifty day moving average is $20.75 and its 200 day moving average is $20.52.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $98.61 million during 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 period in the prior year, the business posted $0.38 earnings per share.

Institutional Investors Weigh In On Ennis

Several large investors have recently modified their holdings of EBF. Goldman Sachs Group Inc. raised its stake in Ennis by 34.0% during the first quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock worth $7,306,000 after buying an additional 92,266 shares during the last quarter. Empowered Funds LLC bought a new stake in Ennis during the first quarter valued at $319,000. Cetera Investment Advisers grew its holdings in Ennis by 4.6% during the 2nd quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 633 shares during the period. Quantbot Technologies LP grew its holdings in 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 acquiring an additional 3,976 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Ennis by 18.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 68,511 shares of the industrial products company’s stock worth $1,243,000 after acquiring an additional 10,744 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

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.