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

Key Points

• Ennis was upgraded to “buy” from “hold” by Wall Street Zen, while Weiss Ratings also raised its rating to “buy.” MarketBeat data shows the stock has an average “Buy” rating.
• Ennis reported quarterly EPS of $0.37, below the $0.39 analyst consensus, but revenue of $102.01 million exceeded expectations of $99.85 million.
• Shares opened at $22.14, near their 52-week high of $22.94, with a market capitalization of approximately $560.5 million; institutional investors own 74.33% of the company.

Ennis (NYSE:EBF - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Ennis from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of "Buy".

Ennis Price Performance

Shares of EBF opened at $22.14 on Friday. The company's fifty day moving average price is $21.88 and its 200-day moving average price is $21.30. Ennis has a 1-year low of $16.30 and a 1-year high of $22.94. The firm has a market capitalization of $560.51 million, a PE ratio of 14.47 and a beta of 0.26.

Ennis (NYSE:EBF - Get Free Report) last issued its earnings results on Monday, September 21st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). Ennis had a return on equity of 12.58% and a net margin of 9.81%. The firm had revenue of $102.01 million during the quarter, compared to analysts' expectations of $99.85 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EBF. Squarepoint Ops LLC acquired a new stake in Ennis during the 2nd quarter worth about $397,000. Corient Private Wealth LP acquired a new position in shares of Ennis in the 2nd quarter valued at about $232,000. Compass Financial Management LLC acquired a new position in shares of Ennis in the 2nd quarter valued at about $27,000. Empowered Funds LLC acquired a new position in shares of Ennis in the 2nd quarter valued at about $454,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Ennis in the second quarter worth about $25,000. Hedge funds and other 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 and apparel. The company produces forms, envelopes, labels, tags, checks, presentation folders, snap-apart forms and other specialty printed materials for commercial and business use.

Ennis also offers apparel and promotional products, including screen-printed and embroidered garments, as well as related products sold through distributors and resellers. Its product portfolio serves businesses, organizations and other end users that require customized print, apparel and branded merchandise.

Founded in 1909 and headquartered in Midlothian, Texas, Ennis operates primarily through a network of manufacturing and distribution facilities in the United States.

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