EVI Industries’ (EVI) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of EVI Industries (NYSEAMERICAN:EVI) in a research note released on Thursday,Benzinga reports. The brokerage currently has a $32.00 price target on the industrial products company’s stock.

EVI Industries Stock Up 2.9%

Shares of NYSEAMERICAN:EVI opened at $15.90 on Thursday. The firm has a market capitalization of $204.79 million, a P/E ratio of 33.12 and a beta of 0.09. EVI Industries has a 52-week low of $12.75 and a 52-week high of $34.82. The stock has a 50 day moving average price of $14.96 and a 200-day moving average price of $17.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.64.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings data on Tuesday, September 8th. The industrial products company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $121.87 million for the quarter, compared to the consensus estimate of $117.10 million. EVI Industries had a return on equity of 5.31% and a net margin of 1.73%.

Institutional Investors Weigh In On EVI Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new stake in EVI Industries during the second quarter valued at approximately $177,000. Bank of America Corp DE purchased a new position in EVI Industries during the 2nd quarter worth $217,000. Northwestern Mutual Wealth Management Co. purchased a new position in EVI Industries during the 2nd quarter worth $59,000. Bard Associates Inc. acquired a new position in EVI Industries during the 2nd quarter valued at about $216,000. Finally, BlackRock Inc. acquired a new position in EVI Industries during the 2nd quarter valued at about $5,217,000. Institutional investors own 37.30% of the company’s stock.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.