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

Evertz Technologies (TSE:ET) had its price objective trimmed by Royal Bank Of Canada from C$17.00 to C$16.00 in a research note published on Tuesday morning,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts also recently commented on the company. Raymond James Financial lowered 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 note on Tuesday. Canaccord Genuity Group raised their price objective on shares of 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. Finally, BMO Capital Markets decreased their target price on shares of Evertz Technologies from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Evertz Technologies currently has an average rating of “Moderate Buy” and an average target price of C$16.12.

Evertz Technologies Trading Down 2.1%

Shares of Evertz Technologies stock opened at C$12.66 on Tuesday. The stock has a market cap of C$958.59 million, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70. The firm has a fifty day moving average price of C$15.96 and a 200 day moving average price of C$16.28. Evertz Technologies has a 1 year low of C$12.00 and a 1 year high of C$21.50. The company has a debt-to-equity ratio of 14.94, a current ratio of 1.56 and a quick ratio of 0.68.

Evertz Technologies (TSE:ET) last posted its quarterly earnings results on Monday, September 14th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$118.26 million for the quarter. Evertz Technologies had a net margin of 11.47% and a return on equity of 27.94%. Equities research analysts predict that Evertz Technologies will post 0.8010974 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Monday, July 13th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, July 6th. Evertz Technologies’s dividend payout ratio is presently 104.49%.

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.