One & One Green Technologies stock soars 100% after IPO debut
Investing.com - DA Davidson has raised its price target on EVI Industries Inc. (NYSE:EVI) to $33.00 from $28.00 while maintaining a Buy rating on the stock. Currently trading at $27.79, EVI has shown remarkable momentum with a 54% gain over the past six months. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The commercial laundry equipment distributor showed mid-to-high single-digit organic revenue growth, according to DA Davidson, which noted this performance aligns with the company’s long-term compound annual growth rate. This is supported by the company’s recent performance, with revenue reaching $389.83 million and showing a 10.26% year-over-year growth.
EVI Industries also reported a 10% year-over-year organic increase in backlogs, indicating continued demand for its products and services.
DA Davidson highlighted that the Continental (Girbau) acquisition has been successful, potentially exceeding expectations, though specific metrics were not provided.
The research firm expects EVI’s valuation to continue approaching that of larger industry peers as the company expands its national platform and achieves margin improvements through greater scale.
In other recent news, EVI Industries reported its fourth-quarter fiscal 2025 results, revealing a revenue of $110.0 million. This figure surpassed the estimate of $105.5 million set by DA Davidson. Additionally, EVI Industries achieved an Adjusted EBITDA of $7.2 million, exceeding the analyst’s expectation of $6.3 million. DA Davidson responded to these results by maintaining its Buy rating on the company, along with a price target of $28.00. These developments highlight the company’s performance in surpassing key financial expectations.
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