Canaccord Genuity Group Increases Evertz Technologies (TSE:ET) Price Target to C$15.50

Evertz Technologies (TSE:ET) had its price target increased by Canaccord Genuity Group from C$15.25 to C$15.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 24.30% from the company’s previous close.

Separately, BMO Capital Markets dropped their price objective on Evertz Technologies from C$17.00 to C$15.00 in a research note on Thursday, September 12th.

Evertz Technologies Price Performance

Evertz Technologies stock opened at C$12.47 on Wednesday. The firm has a market capitalization of C$949.09 million, a P/E ratio of 14.85, a PEG ratio of 0.79 and a beta of 0.86. The business has a 50-day moving average of C$12.15 and a 200-day moving average of C$12.78. The company has a current ratio of 2.00, a quick ratio of 0.68 and a debt-to-equity ratio of 8.42. Evertz Technologies has a 1 year low of C$11.39 and a 1 year high of C$15.45.

Evertz Technologies (TSE:ET) last issued its earnings results on Wednesday, September 11th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.19 by C($0.06). The firm had revenue of C$111.64 million during the quarter. Evertz Technologies had a net margin of 12.84% and a return on equity of 25.28%. On average, equities analysts anticipate that Evertz Technologies will post 0.8010974 EPS for the current year.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.