Buckingham Initiates Coverage on Ennis (NYSE:EBF). What May be Next?

June 18, 2018 - By Maria Brooks

Ennis, Inc. (NYSE:EBF) Logo

Investors sentiment increased to 1.12 in 2018 Q1. Its up 0.16, from 0.96 in 2017Q4. It improved, as 6 investors sold Ennis, Inc. shares while 43 reduced holdings. 19 funds opened positions while 36 raised stakes. 20.87 million shares or 0.58% less from 20.99 million shares in 2017Q4 were reported.

The Florida-based State Board Of Administration Of Florida Retirement has invested 0% in Ennis, Inc. (NYSE:EBF). Guggenheim Cap Llc stated it has 0% of its portfolio in Ennis, Inc. (NYSE:EBF). Stone Ridge Asset Mngmt Lc owns 37,706 shares. 7,510 are held by C M Bidwell Associate Limited. Principal Grp Incorporated, Iowa-based fund reported 11,121 shares. Employees Retirement Association Of Colorado owns 12,269 shares for 0% of their portfolio. Hotchkis And Wiley Cap Limited Company stated it has 0% of its portfolio in Ennis, Inc. (NYSE:EBF). Parametric Port Associates Limited Liability Com, Washington-based fund reported 147,662 shares. Aqr Limited Liability Company stated it has 0.01% in Ennis, Inc. (NYSE:EBF). Navellier & Assoc has invested 0.06% in Ennis, Inc. (NYSE:EBF). Strs Ohio holds 0% or 37,200 shares in its portfolio. California Public Employees Retirement Sys stated it has 0% of its portfolio in Ennis, Inc. (NYSE:EBF). Rhumbline Advisers reported 27,485 shares or 0% of all its holdings. Ativo Limited Liability reported 32,010 shares stake. Price T Rowe Associates Md holds 0% or 14,672 shares.

Since April 26, 2018, it had 1 buy, and 0 insider sales for $3,933 activity.

Why Has Buckingham Given Ennis (NYSE:EBF) a $20 Price Target

Buckingham analyst initiated coverage with a “Neutral” rating on Ennis (NYSE:EBF) today and set a price target of $20. The company’s shares opened today at 18.75.

The stock increased 1.08% or $0.2 during the last trading session, reaching $18.75. About 121,651 shares traded or 74.26% up from the average. Ennis, Inc. (NYSE:EBF) has risen 12.85% since June 18, 2017 and is uptrending. It has outperformed by 0.28% the S&P500.

Ennis, Inc. designs, manufactures, and sells business forms and other business products in the United States. The company has market cap of $477.22 million. The firm 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. It has a 14.47 P/E ratio. It also provides point of purchase advertising for large franchise and fast food chains, as well as kitting and fulfillment under the Adams McClure brand name; presentation folders and document folders under the Admore, Folder Express, and Independent Folders brand names; custom printed labels, custom, and stock tags products under Ennis Tag & Label brand name; and custom and stock tags and labels under the Atlas Tag & Label, Kay Toledo Tag, and Special Service Partners brand names.

Another recent and important Ennis, Inc. (NYSE:EBF) news was published by Businesswire.com which published an article titled: “Ennis, Inc. Increases Quarterly Dividend” on June 15, 2018.

Ennis, Inc. (NYSE:EBF) Institutional Positions Chart

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