Evertz Technologies (TSE:ET) Given New C$16.50 Price Target at Raymond James Financial

Evertz Technologies (TSE:ET) had its price objective reduced by stock analysts at Raymond James Financial from C$18.00 to C$16.50 in a report released on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 26.15% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets decreased their price target on Evertz Technologies from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Tuesday. Canaccord Genuity Group boosted their price target on Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Evertz Technologies currently has an average rating of “Moderate Buy” and an average target price of C$16.12.

Evertz Technologies Stock Down 11.9%

Shares of ET stock traded down C$1.77 during trading hours on Tuesday, reaching C$13.08. 227,441 shares of the company’s stock were exchanged, compared to its average volume of 31,710. The stock’s 50 day moving average is C$16.25 and its 200-day moving average is C$16.35. The company has a market cap of C$987.92 million, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.79 and a beta of 0.70. The company has a current ratio of 1.63, a quick ratio of 0.68 and a debt-to-equity ratio of 6.93. Evertz Technologies has a fifty-two week low of C$12.00 and a fifty-two week high of C$21.50.

Evertz Technologies (TSE:ET) last posted its quarterly earnings data on Monday, September 14th. The company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$118.26 million during the quarter. Evertz Technologies had a return on equity of 27.67% and a net margin of 12.40%. Analysts predict that Evertz Technologies will post 0.8010974 earnings per share 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.