Ennis (EBF) Coverage Initiated at Buckingham Research

Investment analysts at Buckingham Research assumed coverage on shares of Ennis (NYSE:EBF) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $20.00 price target on the industrial products company’s stock. Buckingham Research’s price target points to a potential upside of 6.67% from the stock’s current price.

Shares of Ennis stock opened at $18.75 on Monday. The company has a market capitalization of $477.22 million, a P/E ratio of 14.42 and a beta of 0.69. The company has a quick ratio of 4.63, a current ratio of 5.52 and a debt-to-equity ratio of 0.11. Ennis has a 52 week low of $16.55 and a 52 week high of $21.50.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $0.32 EPS for the quarter. The firm had revenue of $87.09 million during the quarter. Ennis had a net margin of 8.89% and a return on equity of 12.73%.



Several institutional investors have recently made changes to their positions in EBF. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Ennis by 8.0% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 199,300 shares of the industrial products company’s stock worth $4,135,000 after buying an additional 14,700 shares during the last quarter. Allianz Asset Management GmbH raised its position in Ennis by 0.8% during the 4th quarter. Allianz Asset Management GmbH now owns 915,132 shares of the industrial products company’s stock worth $18,989,000 after buying an additional 7,650 shares during the last quarter. Alliancebernstein L.P. raised its position in Ennis by 20.9% during the 4th quarter. Alliancebernstein L.P. now owns 134,856 shares of the industrial products company’s stock worth $2,798,000 after buying an additional 23,290 shares during the last quarter. Renaissance Technologies LLC raised its position in Ennis by 1.7% during the 4th quarter. Renaissance Technologies LLC now owns 729,000 shares of the industrial products company’s stock worth $15,127,000 after buying an additional 12,200 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Ennis during the 4th quarter worth approximately $669,000. 82.87% of the stock is owned by hedge funds and other institutional investors.

Ennis Company Profile

Ennis, Inc designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Hoosier Data Forms, Hayes Graphics, and Independent Printing brand names.

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