BMO Capital Markets Forecasts Strong Price Appreciation for Evertz Technologies (TSE:ET) Stock

Evertz Technologies (TSE:ET) had its price target lifted by stock analysts at BMO Capital Markets from C$14.00 to C$15.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 1.76% from the stock’s current price.

Separately, Royal Bank Of Canada set a C$12.00 target price on shares of Evertz Technologies and gave the stock a “hold” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$14.00.

Evertz Technologies Price Performance

Shares of ET traded up C$1.57 during trading hours on Thursday, hitting C$14.74. 124,347 shares of the company were exchanged, compared to its average volume of 26,602. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The company has a market capitalization of C$1.11 billion, a PE ratio of 18.66, a PEG ratio of 0.79 and a beta of 0.48. The firm has a fifty day simple moving average of C$12.74 and a 200-day simple moving average of C$12.35. Evertz Technologies has a one year low of C$9.45 and a one year high of C$14.75.

Evertz Technologies (TSE:ET) last announced its earnings results on Wednesday, September 10th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$112.15 million during the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%. As a group, sell-side analysts predict that Evertz Technologies will post 0.8010974 earnings per share for the current year.

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.