Canaccord Genuity Group Increases Evertz Technologies (TSE:ET) Price Target to C$15.50

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

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

Evertz Technologies Trading Down 2.1 %

Evertz Technologies stock opened at C$12.21 on Wednesday. The business has a 50-day simple moving average of C$12.16 and a two-hundred day simple moving average of C$12.77. The company has a market cap of C$929.30 million, a P/E ratio of 14.54, a P/E/G ratio of 0.79 and a beta of 0.86. Evertz Technologies has a 52-week low of C$11.39 and a 52-week high of C$15.45. The company has a quick ratio of 0.68, a current ratio of 2.00 and a debt-to-equity ratio of 8.42.

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

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.