Zacks: Analysts Set $20.00 Price Target for Ennis, Inc. (EBF)

Shares of Ennis, Inc. (NYSE:EBF) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1 year consensus price target of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 208 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Ennis from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.

Shares of EBF stock traded down $0.02 during midday trading on Thursday, reaching $18.59. 114,000 shares of the stock were exchanged, compared to its average volume of 113,703. Ennis has a 1 year low of $17.35 and a 1 year high of $22.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.13 and a current ratio of 5.25. The company has a market capitalization of $490.69 million, a price-to-earnings ratio of 12.82 and a beta of 0.45.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $100.70 million during the quarter. Ennis had a return on equity of 13.26% and a net margin of 9.34%. Sell-side analysts forecast that Ennis will post 1.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Monday, April 15th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.84%. Ennis’s payout ratio is 62.07%.

A number of hedge funds and other institutional investors have recently made changes to their positions in EBF. Cedar Wealth Management LLC bought a new stake in shares of Ennis during the fourth quarter valued at approximately $27,000. Quantamental Technologies LLC bought a new position in Ennis in the first quarter worth approximately $30,000. State of Alaska Department of Revenue bought a new position in Ennis in the first quarter worth approximately $73,000. Legal & General Group Plc raised its stake in Ennis by 26.1% in the third quarter. Legal & General Group Plc now owns 4,520 shares of the industrial products company’s stock worth $92,000 after buying an additional 935 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Ennis by 286.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,811 shares of the industrial products company’s stock worth $100,000 after buying an additional 3,567 shares in the last quarter. 82.60% of the stock is owned by institutional investors and hedge funds.

About Ennis

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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