BMO Capital Markets on Thursday maintained its outperform rating on the shares of Evertz Technologies (ET.TO) and its C$15.00 price target following the company's fiscal second-quarter results.
"We remain Outperform on Evertz and have raised our estimates following Q2/26 results that were ahead of consensus, with 11% y/y growth in software/services revenue (which is now just under half of the revenue mix) and a higher operating margin. Evertz also raised its quarterly dividend and declared a $1.00/share special dividend. We continue to view the stock's valuation as attractive given Evertz's dividend yield, cash generation, and the ongoing improvement to its revenue mix," analyst Thanos Moschopoulos wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 14.53, Change: +1.36, Percent Change: +10.33
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