Ennis (NYSE:EBF) Rating Lowered to “Hold” at Wall Street Zen

Ennis (NYSE:EBF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Ennis in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Ennis Price Performance

Shares of NYSE:EBF opened at $21.79 on Friday. The company has a market cap of $551.24 million, a price-to-earnings ratio of 13.05 and a beta of 0.27. The firm has a 50 day simple moving average of $20.89 and a 200 day simple moving average of $20.66. Ennis has a one year low of $16.30 and a one year high of $22.36.

Ennis (NYSE:EBF) last issued its earnings results 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 firm had revenue of $98.61 million for the quarter, compared to analyst estimates of $98.20 million. Ennis had a net margin of 10.84% and a return on equity of 13.89%. During the same quarter last year, the business posted $0.38 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC bought a new stake in shares of Ennis in the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Ennis by 1,037.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,390 shares during the period. WealthCollab LLC raised its position in shares of Ennis by 180.9% during the fourth quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,165 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Ennis by 56.8% during the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 890 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Ennis in the fourth quarter worth approximately $51,000. 74.33% of the stock is owned by institutional investors.

Ennis Company Profile

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.