Electronics For Imaging (EFII) Given New $44.00 Price Target at Citigroup

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Electronics For Imaging (NASDAQ:EFII) had its target price lifted by Citigroup from $32.00 to $44.00 in a report issued on Wednesday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Electronics For Imaging from a hold rating to a buy rating in a research report on Tuesday, April 9th. Loop Capital decreased their price objective on shares of Electronics For Imaging to $35.00 and set a buy rating for the company in a research report on Wednesday, January 16th. TheStreet upgraded shares of Electronics For Imaging from a d+ rating to a c- rating in a research report on Monday, April 15th. ValuEngine cut shares of Electronics For Imaging from a buy rating to a hold rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Electronics For Imaging from a strong sell rating to a hold rating in a research report on Tuesday, January 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $31.16.

Shares of NASDAQ EFII opened at $37.51 on Wednesday. Electronics For Imaging has a 52-week low of $19.76 and a 52-week high of $38.33. The company has a quick ratio of 1.12, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -1,875.50 and a beta of 1.09.

Electronics For Imaging (NASDAQ:EFII) last posted its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Electronics For Imaging had a negative net margin of 0.10% and a negative return on equity of 0.13%. The company had revenue of $256.95 million during the quarter, compared to analysts’ expectations of $256.10 million. During the same period in the prior year, the company posted $0.52 earnings per share. Electronics For Imaging’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts expect that Electronics For Imaging will post -0.43 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Skyline Asset Management LP lifted its stake in shares of Electronics For Imaging by 5.7% in the fourth quarter. Skyline Asset Management LP now owns 502,200 shares of the technology company’s stock valued at $12,455,000 after buying an additional 26,900 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Electronics For Imaging by 34.8% during the third quarter. Riverhead Capital Management LLC now owns 8,530 shares of the technology company’s stock valued at $291,000 after purchasing an additional 2,200 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Electronics For Imaging by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 525,886 shares of the technology company’s stock valued at $13,041,000 after purchasing an additional 46,079 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Electronics For Imaging by 4.7% during the fourth quarter. Virginia Retirement Systems ET AL now owns 29,000 shares of the technology company’s stock valued at $719,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Electronics For Imaging by 1.3% during the third quarter. Vanguard Group Inc. now owns 4,534,498 shares of the technology company’s stock valued at $154,535,000 after purchasing an additional 58,334 shares in the last quarter.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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