Ennis, Inc. (EBF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ennis, Inc. (NYSE:EBF) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus target price of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 99 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Ennis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Tuesday, December 25th.

Several institutional investors and hedge funds have recently made changes to their positions in EBF. Cedar Wealth Management LLC bought a new stake in Ennis in the 4th quarter worth approximately $27,000. Legal & General Group Plc grew its position in Ennis by 26.1% in the 3rd quarter. Legal & General Group Plc now owns 4,520 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 935 shares during the period. Metropolitan Life Insurance Co. NY grew its position in Ennis by 329.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,319 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 5,614 shares during the period. Russell Investments Group Ltd. bought a new stake in Ennis in the 3rd quarter worth approximately $190,000. Finally, Tower Research Capital LLC TRC grew its position in Ennis by 438.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,076 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 9,020 shares during the period. 82.69% of the stock is owned by institutional investors.

Shares of EBF stock traded up $0.03 during trading hours on Friday, hitting $20.76. 164,483 shares of the company’s stock traded hands, compared to its average volume of 137,436. Ennis has a 12-month low of $17.35 and a 12-month high of $22.98. The firm has a market capitalization of $542.25 million, a price-to-earnings ratio of 16.09 and a beta of 0.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.07 and a current ratio of 5.32.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 15th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Friday, April 12th. Ennis’s dividend payout ratio (DPR) is currently 69.77%.

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, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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