Evertz Technologies (TSE:ET) Price Target Raised to C$18.00 at Raymond James Financial

Evertz Technologies (TSE:ET) had its price target boosted by Raymond James Financial from C$14.00 to C$18.00 in a research note released on Thursday,BayStreet.CA reports.

ET has been the topic of several other research reports. BMO Capital Markets boosted their price objective on Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Royal Bank Of Canada raised their price objective on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Evertz Technologies has a consensus rating of “Moderate Buy” and an average price target of C$16.00.

Evertz Technologies Trading Down 0.6%

Shares of ET stock opened at C$15.96 on Thursday. The company has a debt-to-equity ratio of 10.31, a quick ratio of 0.68 and a current ratio of 2.14. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.79 and a beta of 0.83. Evertz Technologies has a 52-week low of C$9.45 and a 52-week high of C$16.24. The company has a 50-day simple moving average of C$14.67 and a two-hundred day simple moving average of C$13.37.

Evertz Technologies (TSE:ET) last announced its earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$139.33 million for the quarter. Evertz Technologies had a return on equity of 24.08% and a net margin of 12.62%. Research analysts anticipate that Evertz Technologies will post 0.8010974 EPS for the current fiscal year.

Evertz Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.1%. Evertz Technologies’s payout ratio is currently 95.24%.

Evertz Technologies News Summary

Here are the key news stories impacting Evertz Technologies this week:

• Positive Sentiment: Record Q3 results — Evertz reported quarterly revenue of about $139.3M and C$0.24 EPS, with a healthy net margin and return on equity, underpinning the recent buy-side interest. Read More.
• Positive Sentiment: Analyst support rising — Multiple brokers have lifted targets/maintained Buy: Raymond James to C$18, BMO reiterated Buy with C$17.50, and RBC raised its price target, signaling upside vs. current levels. Read More. Read More. Read More.
• Neutral Sentiment: Valuation and technicals — The shares trade above both the 50‑ and 200‑day moving averages and carry a PE around 19 with a PEG under 1, suggesting growth expectations are priced in; volume is elevated vs. average. (Background market data)
• Negative Sentiment: Cash reduction after special dividend — Management paid a special dividend that materially reduced cash on the balance sheet, which some investors view as a short‑term liquidity headwind and a reason to trim positions despite operational strength. Read More. Read More.

About Evertz Technologies

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.