EVI Industries (NYSEAMERICAN:EVI) Receives “Buy” Rating from DA Davidson

EVI Industries (NYSEAMERICAN:EVI)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $35.00 price target on the industrial products company’s stock. DA Davidson’s price objective would suggest a potential upside of 50.54% from the stock’s previous close.

EVI Industries Trading Up 1.3%

Shares of NYSEAMERICAN EVI traded up $0.30 during midday trading on Wednesday, reaching $23.25. 1,694 shares of the stock were exchanged, compared to its average volume of 14,813. EVI Industries has a 12 month low of $14.99 and a 12 month high of $34.82. The company has a market capitalization of $335.03 million, a price-to-earnings ratio of 49.47 and a beta of 0.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 0.74. The business has a 50-day simple moving average of $24.39 and a two-hundred day simple moving average of $25.58.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $115.29 million for the quarter, compared to analyst estimates of $108.00 million. EVI Industries had a return on equity of 5.20% and a net margin of 1.72%.

Institutional Trading of EVI Industries

A number of large investors have recently bought and sold shares of EVI. BNP Paribas Financial Markets raised its holdings in EVI Industries by 45.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after buying an additional 491 shares during the period. Empire Life Investments Inc. increased its position in shares of EVI Industries by 0.3% during the fourth quarter. Empire Life Investments Inc. now owns 168,427 shares of the industrial products company’s stock worth $4,150,000 after acquiring an additional 547 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of EVI Industries by 1.7% during the third quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock worth $1,154,000 after acquiring an additional 622 shares during the period. Pathstone Holdings LLC raised its holdings in shares of EVI Industries by 1.4% during the third quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock worth $1,565,000 after acquiring an additional 665 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in EVI Industries by 27.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 829 shares in the last quarter. 37.30% of the stock is owned by institutional investors.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.