Raymond James Reiterates Outperform Rating for Evertz Technologies (ET)

Raymond James reissued their outperform rating on shares of Evertz Technologies (TSE:ET) in a research report released on Thursday morning. Raymond James currently has a C$18.00 price objective on the stock.

ET has been the topic of several other reports. Canaccord Genuity increased their price objective on shares of Evertz Technologies from C$18.50 to C$19.00 in a report on Thursday, December 6th. BMO Capital Markets reaffirmed an outperform rating and set a C$18.00 price objective on shares of Evertz Technologies in a report on Thursday, December 6th.

ET opened at C$16.46 on Thursday. The company has a current ratio of 4.02, a quick ratio of 2.06 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.25 billion and a price-to-earnings ratio of 20.86. Evertz Technologies has a 52-week low of C$14.68 and a 52-week high of C$18.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, March 21st. Evertz Technologies’s payout ratio is 91.25%.

About Evertz Technologies

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.

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