Ennis (NYSE:EBF) Stock Rating Upgraded by Wall Street Zen

Ennis (NYSE:EBF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Ennis currently has a consensus rating of “Hold”.

Ennis Trading Up 0.1%

Ennis stock opened at $22.14 on Friday. The company has a market cap of $560.46 million, a P/E ratio of 14.47 and a beta of 0.26. Ennis has a 1-year low of $16.30 and a 1-year high of $22.94. The company has a fifty day simple moving average of $21.88 and a 200 day simple moving average of $21.30.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, September 21st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Ennis had a net margin of 9.81% and a return on equity of 12.58%. The business had revenue of $102.01 million during the quarter, compared to analyst estimates of $99.85 million.

Institutional Investors Weigh In On Ennis

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Ennis in the second quarter valued at $25,000. Compass Financial Management LLC acquired a new position in Ennis during the second quarter worth $27,000. MBM Wealth Consultants LLC acquired a new position in Ennis during the first quarter worth $27,000. State of Wyoming acquired a new position in Ennis during the first quarter worth $71,000. Finally, Parallel Advisors LLC raised its position in Ennis by 18.3% during the first quarter. Parallel Advisors LLC now owns 3,641 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 562 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a manufacturer and supplier of printed business products and apparel. The company produces forms, envelopes, labels, tags, checks, presentation folders, snap-apart forms and other specialty printed materials for commercial and business use.

Ennis also offers apparel and promotional products, including screen-printed and embroidered garments, as well as related products sold through distributors and resellers. Its product portfolio serves businesses, organizations and other end users that require customized print, apparel and branded merchandise.

Founded in 1909 and headquartered in Midlothian, Texas, Ennis operates primarily through a network of manufacturing and distribution facilities in the United States.