Royal Bank Of Canada Forecasts Strong Price Appreciation for Evertz Technologies (TSE:ET) Stock

Evertz Technologies (TSE:ET) had its price objective upped by Royal Bank Of Canada from C$12.00 to C$13.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 10.78% from the stock’s current price.

Separately, BMO Capital Markets raised their price target on Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Evertz Technologies has an average rating of “Moderate Buy” and a consensus target price of C$14.00.

Evertz Technologies Trading Down 1.6%

Shares of TSE ET opened at C$14.57 on Thursday. Evertz Technologies has a twelve month low of C$9.45 and a twelve month high of C$15.16. The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 0.79 and a beta of 0.48. 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 fifty day moving average is C$12.84 and its 200-day moving average is C$12.38.

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