Price Target Update of Electronics for Imaging Inc

Published Date : Sep 18, 2015

The brief term price target for Electronics for Imaging, Inc. is at $53 and the higher price target for the stock has been estimated at $60. The company has received a short term rating with a rank of three from leading research analysts in the market. The company has been rated average of 2 by 4. However, the lower price target estimates are at $44, whereby the two analysts have added the shares to their list of strong buys.  

Several analysts in the growth run remarked on the company rating. The company statement by the brokerage house said that the Citigroup upholds its outlook on the company. According to the news, the current rating of the shares is Buy, said the research report released by the firm. The price target raised by the brokerage firm is $52 per share from $50 per share. The rating was issued on July 21, 2015.

Currently, the company Insiders own 1.2% of the company shares. The past six months saw a change of -17.73% in the overall insider ownership. The last three months saw 3.32% in the company shares as institutional investors have 97.6% of company shares.   

The company has disclosed the selling and buying activities of the insider to the securities exchange. The company sold 625 shares at $44.23 on Sept 9, 2015 with a total value worth of $27,663. The information of the insider was uncovered with the Securities and Exchange Commission in the form 4 filing. 

On Thursday, the company witnessed a decline in the market cap as its shares declined 0.3%. The stock reached at $46.6 and hit an all-time low of $45.8. The company has 52-week high of $48.36 as it marked a market cap of $2,172 million. There are around 47,312,000 shares in outstanding.