BMO Capital Markets Cuts Evertz Technologies (TSE:ET) Price Target to C$17.00

Evertz Technologies (TSE:ET) had its price objective reduced by analysts at BMO Capital Markets from C$18.00 to C$17.00 in a research note issued on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 29.97% from the company’s previous close.

Separately, Canaccord Genuity Group raised their price objective on shares of Evertz Technologies from C$17.50 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Evertz Technologies currently has an average rating of “Moderate Buy” and an average price target of C$16.12.

Evertz Technologies Stock Performance

Shares of TSE:ET traded down C$1.77 during mid-day trading on Tuesday, reaching C$13.08. 227,441 shares of the company traded hands, compared to its average volume of 31,710. The company’s 50 day moving average price is C$16.25 and its 200-day moving average price is C$16.35. The firm has a market cap of C$987.92 million, a PE ratio of 15.76, a PEG ratio of 0.79 and a beta of 0.70. Evertz Technologies has a 52 week low of C$12.00 and a 52 week high of C$21.50. The company has a debt-to-equity ratio of 6.93, a current ratio of 1.63 and a quick ratio of 0.68.

Evertz Technologies (TSE:ET) last issued its quarterly earnings results on Monday, September 14th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$118.26 million for the quarter. Evertz Technologies had a net margin of 12.40% and a return on equity of 27.67%. On average, equities analysts expect that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

About Evertz Technologies

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.