Ennis (NYSE:EBF) Cut to Buy at StockNews.com

Ennis (NYSE:EBF) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Ennis Stock Up 0.4 %

NYSE EBF opened at $21.37 on Wednesday. The firm has a market capitalization of $555.62 million, a price-to-earnings ratio of 13.53 and a beta of 0.41. Ennis has a 52 week low of $18.88 and a 52 week high of $25.75. The company has a fifty day moving average of $21.49 and a two-hundred day moving average of $22.23.

Ennis (NYSE:EBF) last released its earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. The business had revenue of $99.04 million during the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Hedge Funds Weigh In On Ennis

Large investors have recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Ennis by 84.9% during the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock worth $1,389,000 after acquiring an additional 26,207 shares during the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of Ennis during the second quarter worth approximately $494,000. Cubist Systematic Strategies LLC purchased a new stake in Ennis during the 2nd quarter valued at about $543,000. AQR Capital Management LLC increased its stake in shares of Ennis by 74.5% in the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock worth $5,870,000 after acquiring an additional 114,516 shares during the last quarter. Finally, CWM LLC raised its stake in Ennis by 97.0% during the second quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 1,895 shares during the period. 74.33% of the stock is currently owned by institutional investors.

About Ennis

Ennis, Inc 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, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.