Royal Bank Of Canada Issues Positive Forecast for Evertz Technologies (TSE:ET) Stock Price

Evertz Technologies (TSE:ET) had its price objective upped by Royal Bank Of Canada from C$13.00 to C$15.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, BMO Capital Markets boosted their target price on 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. Two 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 a consensus rating of “Moderate Buy” and a consensus target price of C$14.67.

Evertz Technologies Stock Up 0.2%

Shares of TSE:ET opened at C$16.04 on Tuesday. The firm has a fifty day moving average price of C$14.58 and a two-hundred day moving average price of C$13.33. The company has a market cap of C$1.21 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.79 and a beta of 0.74. The company has a debt-to-equity ratio of 10.31, a current ratio of 2.14 and a quick ratio of 0.68. Evertz Technologies has a one year low of C$9.45 and a one year high of C$16.24.

Evertz Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 24th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.1%. This is an increase from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 18th. Evertz Technologies’s dividend payout ratio (DPR) 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.