DA Davidson started coverage on shares of EVI Industries (NYSEAMERICAN:EVI - Get Free Report) in a research note issued on Friday,Benzinga reports. The brokerage set a "buy" rating and a $28.00 price target on the industrial products company's stock. DA Davidson's target price indicates a potential upside of 43.44% from the stock's previous close.
Separately, Wall Street Zen raised shares of EVI Industries from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th.
Read Our Latest Analysis on EVI Industries
EVI Industries Stock Up 1.1%
Shares of EVI Industries stock opened at $19.52 on Friday. The company has a fifty day moving average price of $17.32. EVI Industries has a fifty-two week low of $14.51 and a fifty-two week high of $21.81. The firm has a market capitalization of $249.08 million, a price-to-earnings ratio of 40.67 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.58.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new stake in shares of EVI Industries during the 1st quarter worth $25,000. Corebridge Financial Inc. lifted its holdings in shares of EVI Industries by 24.9% during the first quarter. Corebridge Financial Inc. now owns 3,206 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 639 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of EVI Industries by 5,337.1% in the 1st quarter. Russell Investments Group Ltd. now owns 3,371 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 3,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EVI Industries by 27.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 829 shares during the period. Finally, GAMMA Investing LLC increased its stake in EVI Industries by 30,361.5% in the 1st quarter. GAMMA Investing LLC now owns 3,960 shares of the industrial products company's stock worth $66,000 after purchasing an additional 3,947 shares in the last quarter. Institutional investors own 37.30% of the company's stock.
About EVI Industries
(
Get Free Report)
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.
Further Reading
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