BMO Capital Markets Forecasts Strong Price Appreciation for Evertz Technologies (TSE:ET) Stock

Evertz Technologies (TSE:ET) had its price target upped by BMO Capital Markets from C$14.00 to C$15.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 2.95% from the company’s current price.

Separately, Royal Bank Of Canada set a C$12.00 price objective on shares of Evertz Technologies and gave the stock a “hold” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$14.00.

Evertz Technologies Stock Performance

Shares of ET opened at C$14.57 on Thursday. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.79 and a beta of 0.48. Evertz Technologies has a 12-month low of C$9.45 and a 12-month high of C$15.16. The firm’s 50 day moving average is C$12.84 and its 200-day moving average is C$12.38.

Evertz Technologies (TSE:ET) last issued its earnings results on Wednesday, September 10th. The company reported C$0.15 earnings per share (EPS) for the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%.The business had revenue of C$112.15 million for the quarter. Equities research analysts anticipate that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

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.