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

Evertz Technologies (TSE:ET) had its price objective trimmed by BMO Capital Markets from C$18.00 to C$17.00 in a report released on Tuesday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

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

Evertz Technologies Trading Down 2.1%

Shares of TSE:ET opened at C$12.66 on Tuesday. The company has a market cap of C$958.59 million, a P/E ratio of 16.23, a PEG ratio of 0.79 and a beta of 0.70. The company has a debt-to-equity ratio of 14.94, a current ratio of 1.56 and a quick ratio of 0.68. Evertz Technologies has a 1 year low of C$12.00 and a 1 year high of C$21.50. The stock’s fifty day moving average price is C$15.96 and its 200-day moving average price is C$16.28.

Evertz Technologies (TSE:ET) last released its quarterly earnings data on Monday, September 14th. The company reported C$0.10 EPS for the quarter. Evertz Technologies had a return on equity of 27.94% and a net margin of 11.47%.The company had revenue of C$118.26 million during the quarter. Sell-side analysts expect that Evertz Technologies will post 0.8010974 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Monday, July 13th were issued a $0.205 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.82 annualized dividend and a dividend yield of 6.5%. Evertz Technologies’s payout ratio is presently 104.49%.

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.