Raymond James Issues Pessimistic Forecast for Evertz Technologies (TSE:ET) Stock Price

Evertz Technologies (TSE:ET - Free Report) had its price objective lowered by Raymond James from C$16.00 to C$14.00 in a research note released on Thursday morning,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets decreased their price target on shares of Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday. Canaccord Genuity Group increased their price target on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the stock a "buy" rating in a research report on Wednesday, December 11th.

Evertz Technologies Stock Performance

ET traded down C$0.04 during trading on Thursday, hitting C$11.27. The company's stock had a trading volume of 43,110 shares, compared to its average volume of 30,968. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. Evertz Technologies has a one year low of C$11.00 and a one year high of C$15.39. The firm has a market cap of C$863.22 million, a PE ratio of 14.91, a P/E/G ratio of 0.79 and a beta of 0.86. The business's 50 day simple moving average is C$12.30 and its 200-day simple moving average is C$12.31.

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Evertz Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 7.10%. Evertz Technologies's payout ratio is 103.22%.

Insider Activity

In related news, Senior Officer Douglas Moore purchased 4,000 shares of Evertz Technologies stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of C$12.16 per share, for a total transaction of C$48,640.00. Insiders own 64.40% of the company's stock.

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.