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 report released on Thursday,Benzinga reports. They currently have a $32.00 target price on the industrial products company’s stock.

Separately, UBS Group downgraded EVI Industries to a “hold” rating in a report on Thursday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, EVI Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

EVI Industries Stock Down 5.7%

NYSEAMERICAN:EVI traded down $1.25 on Thursday, reaching $20.60. The stock had a trading volume of 136,362 shares, compared to its average volume of 96,138. The company has a 50-day moving average of $19.38 and a 200 day moving average of $18.49. The company has a current ratio of 1.56, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The stock has a market cap of $267.18 million, a P/E ratio of 33.77 and a beta of 0.01. EVI Industries has a 12-month low of $12.75 and a 12-month high of $27.00.

EVI Industries (NYSEAMERICAN:EVI) last announced its earnings results on Monday, November 9th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $112.95 million for the quarter, compared to analyst estimates of $114.70 million. EVI Industries had a return on equity of 6.54% and a net margin of 2.15%.

Hedge Funds Weigh In On EVI Industries

A number of hedge funds have recently bought and sold shares of the company. Royce & Associates LP lifted its holdings in EVI Industries by 15.1% during the 3rd quarter. Royce & Associates LP now owns 810,520 shares of the industrial products company’s stock worth $15,554,000 after buying an additional 106,530 shares during the last quarter. BlackRock Inc. acquired a new position in EVI Industries in the second quarter worth $5,217,000. Marshall Wace LLP boosted its holdings in EVI Industries by 386.1% in the third quarter. Marshall Wace LLP now owns 171,873 shares of the industrial products company’s stock worth $3,298,000 after purchasing an additional 136,518 shares during the period. Fifth Third Bancorp bought a new stake in EVI Industries during the first quarter valued at $3,102,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of EVI Industries by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 111,750 shares of the industrial products company’s stock worth $2,300,000 after purchasing an additional 4,187 shares during the period. 37.30% of the stock is currently owned by institutional investors and hedge funds.

EVI Industries Company Profile

EVI Industries is a distributor and service provider for commercial, industrial, and institutional laundry operations. Through its operating companies, it supplies laundry and dry-cleaning equipment, replacement parts, and related products, and provides services such as equipment installation, maintenance, and repair. Its offerings include washers, dryers, ironing and finishing equipment, and other systems used by businesses and institutions such as hotels, healthcare facilities, laundromats, and correctional facilities.