Evertz Technologies (TSE:ET) Price Target Raised to C$15.50

Evertz Technologies (TSE:ET) had its price objective lifted by Canaccord Genuity Group from C$15.25 to C$15.50 in a research note published on Wednesday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, BMO Capital Markets lowered their price target on Evertz Technologies from C$17.00 to C$15.00 in a research report on Thursday, September 12th.

Evertz Technologies Price Performance

ET opened at C$12.21 on Wednesday. The stock has a 50-day moving average price of C$12.16 and a 200-day moving average price of C$12.77. The company has a debt-to-equity ratio of 8.42, a current ratio of 2.00 and a quick ratio of 0.68. The firm has a market cap of C$929.30 million, a PE ratio of 14.54, a P/E/G ratio of 0.79 and a beta of 0.86. Evertz Technologies has a 1 year low of C$11.39 and a 1 year high of C$15.45.

Evertz Technologies (TSE:ET) last posted its quarterly earnings results on Wednesday, September 11th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.06). The company had revenue of C$111.64 million during the quarter. Evertz Technologies had a return on equity of 25.28% and a net margin of 12.84%. Sell-side analysts predict that Evertz Technologies will post 0.8010974 earnings per share for the current fiscal year.

About Evertz Technologies

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.