Canaccord Genuity Raises Evertz Technologies (ET) Price Target to C$18.50

Evertz Technologies (TSE:ET) had its price objective lifted by Canaccord Genuity from C$18.25 to C$18.50 in a research report released on Wednesday morning.

Other analysts also recently issued reports about the company. Royal Bank of Canada reduced their price objective on Evertz Technologies from C$21.00 to C$20.00 and set an outperform rating on the stock in a research report on Wednesday, June 20th. BMO Capital Markets reduced their price objective on Evertz Technologies from C$19.00 to C$18.00 in a research report on Wednesday, June 20th.

Shares of TSE:ET opened at C$16.75 on Wednesday. Evertz Technologies has a 52-week low of C$15.14 and a 52-week high of C$19.73.

Evertz Technologies (TSE:ET) last issued its quarterly earnings data on Tuesday, June 19th. The company reported C$0.11 earnings per share (EPS) for the quarter. Evertz Technologies had a return on equity of 21.38% and a net margin of 17.21%. The business had revenue of C$92.99 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 28th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $0.72 annualized dividend and a dividend yield of 4.30%.

Evertz Technologies Company Profile

Evertz Technologies Limited designs, manufactures, and distributes 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 encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, master control switchers, accessories, and network management systems, as well as keyers, and media and logo inserters.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

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