Ennis (NYSE:EBF) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Ennis from “buy” to “hold,” while Weiss Ratings upgraded it from “hold (c+)” to “buy (b-).” MarketBeat reports a consensus “Buy” rating based on one analyst’s coverage.
• Ennis shares opened at $22.21, near their 12-month high of $22.94, with a $561.96 million market capitalization and a price-to-earnings ratio of 14.52.
• In its latest quarter, Ennis reported $0.37 in EPS, missing estimates by $0.02, while revenue of $102.01 million exceeded forecasts. Institutional investors own 74.33% of the company.

Ennis (NYSE:EBF - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Ennis from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".

Ennis Stock Performance

EBF opened at $22.21 on Friday. The firm's fifty day moving average is $21.70 and its two-hundred day moving average is $21.19. The firm has a market cap of $561.96 million, a PE ratio of 14.52 and a beta of 0.27. Ennis has a twelve month low of $16.30 and a twelve month high of $22.94.

Ennis (NYSE:EBF - Get Free Report) last announced its quarterly earnings results on Monday, September 21st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Ennis had a net margin of 9.81% and a return on equity of 12.64%. The firm had revenue of $102.01 million during the quarter, compared to analyst estimates of $99.85 million.

Institutional Investors Weigh In On Ennis

Several institutional investors have recently bought and sold shares of EBF. BlackRock Inc. bought a new position in Ennis in the second quarter valued at $58,564,000. Bank of New York Mellon Corp acquired a new position in Ennis during the second quarter valued at approximately $7,336,000. Arrowstreet Capital Limited Partnership increased its position in shares of Ennis by 3.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 235,916 shares of the industrial products company's stock worth $5,053,000 after purchasing an additional 7,413 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Ennis during the 2nd quarter worth approximately $4,833,000. Finally, Royal Bank of Canada boosted its holdings in shares of Ennis by 9.0% in the 1st quarter. Royal Bank of Canada now owns 185,639 shares of the industrial products company's stock valued at $3,976,000 after buying an additional 15,283 shares during the last quarter. Institutional investors own 74.33% of the company's stock.

Ennis Company Profile

Ennis, Inc NYSE: EBF is a manufacturer and supplier of printed business products headquartered in Midlothian, Texas. The company primarily serves independent distributors, print resellers and other business customers rather than selling directly to consumers.

Its product portfolio includes business forms, envelopes, labels, tags, checks, presentation folders, promotional products, apparel and other customized printed materials. Ennis also provides products used in commercial printing, packaging and workplace communications, with offerings manufactured through a network of production facilities and sold under various company brands.

Founded in 1909, Ennis has expanded over its history through organic growth and acquisitions in the printing and related product industries.

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