BMO Capital Markets Has Lowered Expectations for Evertz Technologies (TSE:ET) Stock Price

Evertz Technologies (TSE:ET) had its price target dropped by research analysts at BMO Capital Markets from C$18.00 to C$17.00 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 29.97% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on 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. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Evertz Technologies currently has an average rating of “Moderate Buy” and an average price target of C$16.12.

Evertz Technologies Price Performance

Shares of ET traded down C$1.77 during midday trading on Tuesday, hitting C$13.08. 227,441 shares of the company traded hands, compared to its average volume of 31,710. The stock has a market cap of C$987.92 million, a price-to-earnings ratio of 15.76, a PEG ratio of 0.79 and a beta of 0.70. The firm has a 50 day moving average of C$16.25 and a 200-day moving average of C$16.35. The company has a debt-to-equity ratio of 6.93, a quick ratio of 0.68 and a current ratio of 1.63. 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 issued its earnings results on Monday, September 14th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$118.26 million for the quarter. Evertz Technologies had a return on equity of 27.67% and a net margin of 12.40%. On average, analysts forecast that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

About Evertz Technologies

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.