Evertz Technologies (TSE:ET) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Evertz Technologies (TSE:ET) had its price objective lifted by equities researchers at Royal Bank Of Canada from C$13.00 to C$15.00 in a report released on Tuesday,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 6.54% from the company’s previous close.

Separately, BMO Capital Markets lifted their price target on Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Evertz Technologies presently has a consensus rating of “Moderate Buy” and an average target price of C$14.67.

Evertz Technologies Stock Performance

TSE ET opened at C$16.05 on Tuesday. The company has a 50-day simple moving average of C$14.62 and a two-hundred day simple moving average of C$13.35. Evertz Technologies has a 12-month low of C$9.45 and a 12-month high of C$16.24. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 0.79 and a beta of 0.74. The company has a quick ratio of 0.68, a current ratio of 2.14 and a debt-to-equity ratio of 10.31.

Evertz Technologies (TSE:ET) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.24 EPS for the quarter. Evertz Technologies had a return on equity of 24.08% and a net margin of 12.62%.The firm had revenue of C$139.33 million for the quarter. On average, equities analysts forecast 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. More than half of the firm’s revenue is generated in the United States.