Evertz Technologies (TSE:ET) Price Target Raised to C$18.00

Evertz Technologies (TSE:ET) had its price target upped by Raymond James Financial from C$14.00 to C$18.00 in a research note published on Thursday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of 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 increased their price objective on Evertz Technologies from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Evertz Technologies has a consensus rating of “Moderate Buy” and an average price target of C$16.00.

Evertz Technologies Trading Up 0.3%

ET opened at C$16.00 on Thursday. Evertz Technologies has a 1-year low of C$9.45 and a 1-year high of C$16.24. The stock has a market capitalization of C$1.21 billion, a PE ratio of 19.05, a PEG ratio of 0.79 and a beta of 0.83. The company has a current ratio of 1.65, a quick ratio of 0.68 and a debt-to-equity ratio of 7.66. The firm has a 50-day moving average price of C$14.71 and a two-hundred day moving average price of C$13.41.

Evertz Technologies (TSE:ET) last announced its earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share (EPS) for the quarter. Evertz Technologies had a net margin of 12.08% and a return on equity of 24.86%. The company had revenue of C$139.33 million for the quarter. As a group, equities analysts anticipate that Evertz Technologies will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 24th were given a $0.205 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20. Evertz Technologies’s dividend payout ratio is 95.24%.

Evertz Technologies Company Profile

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.