Canaccord Genuity Group Forecasts Strong Price Appreciation for Evertz Technologies (TSE:ET) Stock

Evertz Technologies (TSE:ET) had its price objective lifted by equities research analysts at Canaccord Genuity Group from C$15.25 to C$15.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 22.92% from the company’s current price.

Separately, BMO Capital Markets reduced their price objective on Evertz Technologies from C$17.00 to C$15.00 in a research report on Thursday, September 12th.

Evertz Technologies Trading Up 2.4 %

TSE:ET traded up C$0.29 on Wednesday, hitting C$12.61. 52,993 shares of the stock were exchanged, compared to its average volume of 28,071. The stock has a market cap of C$959.75 million, a PE ratio of 15.05, a PEG ratio of 0.79 and a beta of 0.86. The company has a current ratio of 2.00, a quick ratio of 0.68 and a debt-to-equity ratio of 8.42. The stock has a fifty day moving average of C$12.12 and a 200-day moving average of C$12.79. Evertz Technologies has a fifty-two week low of C$11.39 and a fifty-two week high of C$15.45.

Evertz Technologies (TSE:ET) last posted its earnings results on Wednesday, September 11th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.06). The company had revenue of C$111.64 million during the quarter. Evertz Technologies had a net margin of 12.84% and a return on equity of 25.28%. As a group, equities analysts expect that Evertz Technologies will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Company Profile

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.