Ennis (NYSE:EBF) Stock Rating Lowered by StockNews.com

Ennis (NYSE:EBF) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Ennis Stock Down 1.4 %

Shares of NYSE:EBF opened at $20.34 on Thursday. The company has a market cap of $529.04 million, a PE ratio of 12.79 and a beta of 0.41. The company’s 50-day moving average price is $20.90 and its 200 day moving average price is $21.90. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Institutional Trading of Ennis

Several hedge funds have recently bought and sold shares of EBF. JPMorgan Chase & Co. raised its position in shares of Ennis by 282.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after buying an additional 185,373 shares in the last quarter. American Century Companies Inc. raised its position in shares of Ennis by 27.5% during the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock worth $13,017,000 after buying an additional 133,036 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Ennis by 49.0% during the 4th quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company’s stock worth $3,971,000 after buying an additional 61,919 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Ennis during the 4th quarter worth about $1,175,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Ennis by 3.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company’s stock worth $33,888,000 after buying an additional 50,792 shares in the last quarter. 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.