BMO Capital Markets Lowers Evertz Technologies (TSE:ET) Price Target to C$15.00

Evertz Technologies (TSE:ET) had its price objective lowered by BMO Capital Markets from C$17.00 to C$15.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 29.87% from the company’s current price.

Evertz Technologies Stock Performance

Evertz Technologies stock opened at C$11.55 on Thursday. Evertz Technologies has a fifty-two week low of C$11.39 and a fifty-two week high of C$15.45. The company has a debt-to-equity ratio of 8.71, a current ratio of 2.01 and a quick ratio of 0.68. The company has a market cap of C$879.65 million, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88. The firm’s 50 day simple moving average is C$12.97 and its 200-day simple moving average is C$13.78.

Evertz Technologies (TSE:ET) last announced its quarterly earnings data on Wednesday, June 19th. The company reported C$0.18 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.04). Evertz Technologies had a net margin of 13.64% and a return on equity of 27.70%. The company had revenue of C$122.77 million for the quarter. As a group, equities research analysts predict that Evertz Technologies will post 0.9602837 EPS for the current year.

Insiders Place Their Bets

In related news, insider Evertz Technologies Limited sold 2,529 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$13.39, for a total value of C$33,865.33. Company insiders own 64.51% of the company’s stock.

Evertz Technologies Company Profile

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.