Stock Rating Downgrade
The Value Trend Rating for Ennis Inc (NYSE: EBF) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/26/24, Ennis Inc (NYSE: EBF) stock rose slightly by 0.2%, closing at $19.70. However, trading volume in this advance was below average at 72% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.1% during the last week.
Current PriceTarget Research Rating
EBF’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Ennis has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ennis has a slightly negative Power Rating of 39 and a slightly negative Appreciation Score of 36, triggering the Negative Value Trend Rating.
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