Raymond James Financial Cuts Evertz Technologies (TSE:ET) Price Target to C$16.50

Evertz Technologies (TSE:ET) had its price target decreased by Raymond James Financial from C$18.00 to C$16.50 in a report published on Tuesday,BayStreet reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. BMO Capital Markets reduced their price objective on shares of Evertz Technologies from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Evertz Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.12.

Evertz Technologies Stock Down 2.1%

TSE ET opened at C$12.66 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.56 and a debt-to-equity ratio of 14.94. The company has a fifty day moving average of C$15.96 and a two-hundred day moving average of C$16.28. The firm has a market capitalization of C$958.59 million, a price-to-earnings ratio of 16.23, a PEG ratio of 0.79 and a beta of 0.70. Evertz Technologies has a 52 week low of C$12.00 and a 52 week high of C$21.50.

Evertz Technologies (TSE:ET) last posted its quarterly earnings data on Monday, September 14th. The company reported C$0.10 earnings per share for the quarter. Evertz Technologies had a net margin of 11.47% and a return on equity of 27.94%. The business had revenue of C$118.26 million for the quarter. On average, analysts predict that Evertz Technologies will post 0.8010974 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Monday, July 13th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, July 6th. Evertz Technologies’s dividend payout ratio is currently 104.49%.

Evertz Technologies Company Profile

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.