Ennis (NYSE:EBF) Rating Upgraded to Strong-Buy on StockNews.com

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Ennis (NYSE:EBF – Get a Rating) was upgraded by StockNews.com equity research analysts from a “buy” rating to a “strong buy” rating in a report released Tuesday.

NYSE:EBF shares opened at $20.20 on Tuesday. The company has a 50-day moving average of $17.78 and a 200-day moving average of $18.48. The stock has a market capitalization of $521.54 million, a PE ratio of 15.66 and a beta of 0.51. Ennis has a 12-month low of $16.55 and a 12-month high of $21.64.

Ennis (NYSE:EBF – Get Rating) last released its results on Monday, April 25. The industrial products company reported EPS of $0.27 for the quarter. The company had revenue of $99.67 million in the quarter. Ennis had a net margin of 8.11% and a return on equity of 11.02%.

Several institutional investors have recently changed their positions in EBF. Credit Suisse AG increased its holdings of Ennis shares by 15.4% during the third quarter. Credit Suisse AG now owns 18,283 shares of the industrial products company valued at $345,000 after buying an additional 2,440 shares in the last quarter. UBS Group AG increased its stake in Ennis shares by 6.2% during the third quarter. UBS Group AG now owns 224,427 shares of the industrial products company valued at $4,230,000 after buying an additional 13,076 shares in the last quarter. Two Sigma Advisers LP increased its holdings of Ennis shares by 116.8% during the third quarter. Two Sigma Advisers LP now owns 29,700 shares of the industrial products company valued at $560,000 after buying an additional 16,000 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Ennis shares by 6.4% during the third quarter. BNP Paribas Arbitrage SA now owns 56,061 shares of the industrial products company valued at $1,057,000 after buying 3,373 additional shares in the last quarter. Finally, Cetera Investment Advisers purchased a new equity stake in Ennis during Q3 valued at approximately $203,000. 72.43% of the shares are currently held by institutional investors.

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Ennis Company Profile (Get an assessment)

Ennis, Inc designs, manufactures and sells business forms and other business products in the United States. The company offers pressure sets, continuous forms, laser cut sheets, labels, tags, envelopes, integrated products, jumbo rolls and pressure sensitive products under the brands Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360º Custom Labels, ColorWorx, Enfusion, No Compromise Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra , Falcon Business Forms, Form 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, Ace Forms and AmeriPrint brands.

Further reading

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