EVI Industries (NYSEAMERICAN:EVI - Get Free Report)'s stock had its "buy" rating reissued by DA Davidson in a note issued to investors on Friday, September 18th, Benzinga reports. They currently have a $32.00 price target on the industrial products company's stock. DA Davidson's target price would indicate a potential upside of 57.40% from the stock's previous close.
EVI Industries Trading Up 3.6%
Shares of NYSEAMERICAN:EVI traded up $0.71 during trading on Friday, hitting $20.33. 51,821 shares of the company's stock were exchanged, compared to its average volume of 52,585. EVI Industries has a 1-year low of $12.75 and a 1-year high of $32.91. The firm has a 50-day moving average price of $15.34 and a two-hundred day moving average price of $17.33. The company has a current ratio of 1.64, a quick ratio of 0.87 and a debt-to-equity ratio of 0.34. The firm has a market cap of $261.85 million, a P/E ratio of 42.35 and a beta of 0.09.
EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The industrial products company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $121.87 million during the quarter, compared to analysts' expectations of $117.10 million. EVI Industries had a net margin of 1.73% and a return on equity of 5.31%.
Institutional Trading of EVI Industries
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in shares of EVI Industries in the second quarter worth about $177,000. Bank of America Corp DE bought a new position in shares of EVI Industries in the second quarter worth about $217,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries in the second quarter worth about $59,000. Bard Associates Inc. bought a new position in shares of EVI Industries in the second quarter worth about $216,000. Finally, BlackRock Inc. bought a new position in shares of EVI Industries in the second quarter worth about $5,217,000. 37.30% of the stock is owned by institutional investors.
About EVI Industries
(
Get Free Report)
EVI Industries, Inc is a distributor of commercial and industrial equipment and related services. The company primarily serves the textile-care industry, supplying commercial laundry and dry-cleaning equipment such as washers, dryers, finishing systems, ironers, folders and garment-care equipment.
In addition to equipment sales, EVI provides installation, maintenance, repair, technical support, replacement parts and operating supplies. Its customers include businesses and institutions in the hospitality, health care, correctional, retail laundry, dry-cleaning and other textile-service markets.
Headquartered in Miami, Florida, EVI serves customers through a network of operating companies and distribution locations in the United States and selected international markets.
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