Royal Bank Of Canada Cuts Evertz Technologies (TSE:ET) Price Target to C$16.00

Evertz Technologies (TSE:ET) had its price target dropped by equities researchers at Royal Bank Of Canada from C$17.00 to C$16.00 in a research report issued on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 22.32% from the stock’s previous close.

ET has been the topic of a number of other reports. BMO Capital Markets dropped their price target on shares of Evertz Technologies from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Tuesday. Raymond James Financial dropped their target price on Evertz Technologies from C$18.00 to C$16.50 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their price target on Evertz Technologies from C$17.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$16.12.

Evertz Technologies Stock Down 11.9%

Shares of ET traded down C$1.77 during trading hours on Tuesday, reaching C$13.08. The company’s stock had a trading volume of 227,441 shares, compared to its average volume of 31,710. The company has a 50 day moving average of C$16.25 and a two-hundred day moving average of C$16.35. The company has a quick ratio of 0.68, a current ratio of 1.63 and a debt-to-equity ratio of 6.93. The firm has a market cap of C$987.92 million, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.79 and a beta of 0.70. Evertz Technologies has a 1-year low of C$12.00 and a 1-year high of C$21.50.

Evertz Technologies (TSE:ET) last announced its quarterly earnings data on Monday, September 14th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$118.26 million for the quarter. Evertz Technologies had a net margin of 12.40% and a return on equity of 27.67%. As a group, research analysts predict that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

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.