Canaccord Genuity Group Issues Positive Forecast for Evertz Technologies (TSE:ET) Stock Price

Evertz Technologies (TSE:ET) had its price objective upped by stock analysts at Canaccord Genuity Group from C$17.50 to C$18.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 9.22% from the stock’s previous close.

ET has been the subject of a number of other research reports. Royal Bank Of Canada upped their price target on Evertz Technologies from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 3rd. Raymond James Financial lifted their price objective on Evertz Technologies from C$14.00 to C$18.00 in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$16.50.

Evertz Technologies Trading Down 0.2%

Evertz Technologies stock traded down C$0.04 during trading hours on Thursday, reaching C$16.48. The stock had a trading volume of 24,258 shares, compared to its average volume of 25,759. The company has a fifty day simple moving average of C$16.37 and a 200-day simple moving average of C$15.46. Evertz Technologies has a 52 week low of C$11.92 and a 52 week high of C$18.12. The stock has a market cap of C$1.24 billion, a PE ratio of 20.35, a PEG ratio of 0.79 and a beta of 0.85. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.65 and a quick ratio of 0.68.

Evertz Technologies (TSE:ET) last issued its quarterly earnings data on Wednesday, June 24th. The company reported C$0.20 EPS for the quarter. The firm had revenue of C$131.57 million during the quarter. Evertz Technologies had a net margin of 12.08% and a return on equity of 24.86%. Analysts forecast that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

Insider Buying and Selling at Evertz Technologies

In other news, Director Rakesh Thakor Patel sold 22,200 shares of Evertz Technologies stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of C$16.70, for a total transaction of C$370,740.00. Following the sale, the director owned 398,350 shares of the company’s stock, valued at approximately C$6,652,445. The trade was a 5.28% decrease in their position. Insiders own 64.40% of the company’s stock.

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.