Evertz Technologies (TSE:ET) Reaches New 12-Month High – What’s Next?

Evertz Technologies Limited (TSE:ET)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$16.16 and last traded at C$16.00, with a volume of 1230 shares traded. The stock had previously closed at C$16.02.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ET shares. BMO Capital Markets lifted their target price on Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Royal Bank Of Canada raised their price objective on Evertz Technologies from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$14.00.

Evertz Technologies Price Performance

The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. The company’s 50-day moving average is C$14.28 and its 200-day moving average is C$13.14.

Evertz Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 24th were given a dividend of $0.205 per share. This is a boost from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 18th. This represents a $0.82 annualized dividend and a dividend yield of 5.2%. Evertz Technologies’s dividend payout ratio is 95.24%.

About Evertz Technologies

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm’s revenue is generated in the United States.