04:31:15 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Evertz Technologies Ltd
Symbol ET
Shares Issued 76,040,496
Close 2023-12-08 C$ 13.87
Market Cap C$ 1,054,681,680
Recent Sedar Documents

Globe says Evertz Tech maintained at "outperform"

2023-12-08 08:43 ET - In the News

The Globe and Mail reports in its Friday, Dec. 8, edition that following a second quarter 2024 revenue and earnings beat from Evertz Technologies, Raymond James analyst Steven Li bumped his target ahead by 50 cents to $16. The Globe's David Leeder writes in the Eye On Equities column that Mr. Li continues to rate Evertz "outperform." Mr. Li says in a note: "Evertz shares are flat year-to-date, underperforming the TSX (up 4 per cent YTD) which we believe is unwarranted given another quarter beat (third beat in a row) and record backlog. In April, Evertz announced its largest ever purchase order from a major U.S. based media company in excess of $152-million over five years. The race for video content continues to bode very well for Evertz." The Globe reported on Dec. 11, 2022, March 10, 2022, and June 27, 2022, that Canaccord Genuity analyst Robert Young rated Evertz "buy." It was then worth $13.88, $14.40 and $13.90. The Globe reported on March 6, 2023, and June 23, 2023, that Mr. Young was sticking with his "buy" call when the shares could then be had for $11.69 and $13.25.

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