Posted by admin on Jul 29th, 2022
Xebec Adsorption (TSE:XBC – Get Rating) had its price target lowered by Eight Capital from C$2.00 to C$1.50 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the stock. Eight Capital’s price objective would indicate a potential upside of 97.37% from the company’s previous close.
Several other brokerages also recently commented on XBC. National Bankshares lowered their price objective on Xebec Adsorption from C$3.75 to C$2.00 and set a “sector perform” rating on the stock in a research report on Friday, May 13th. Canaccord Genuity Group upped their price objective on Xebec Adsorption from C$2.25 to C$2.50 in a research report on Thursday, April 14th. National Bank Financial downgraded Xebec Adsorption from an “outperform spec overweight” rating to a “sector perform overweight” rating in a research report on Thursday, May 12th. Raymond James cut Xebec Adsorption from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$3.50 to C$2.00 in a research note on Friday, May 13th. Finally, BMO Capital Markets cut Xebec Adsorption from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$3.25 to C$1.75 in a research note on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$2.33.
XBC opened at C$0.76 on Wednesday. The business has a 50 day moving average of C$0.85 and a 200-day moving average of C$1.53. The stock has a market cap of C$117.59 million and a PE ratio of -3.69. Xebec Adsorption has a 52 week low of C$0.73 and a 52 week high of C$4.04. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 28.57.
Xebec Adsorption (TSE:XBC – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.08). The company had revenue of C$41.19 million during the quarter, compared to the consensus estimate of C$36.05 million. Equities research analysts predict that Xebec Adsorption will post -0.06 earnings per share for the current fiscal year.
Xebec Adsorption Inc designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy, France, and internationally. It operates through Systems and Support segments. The company offers on-site air dehydration under the ADX Solutions brand; biogas to renewable natural gas systems under the BGX Solutions brand; hydrogen purification systems under the H2X Solutions brand; natural gas dehydration units for refueling stations under the NGX Solutions brand; and products for the filtration and separation of air and gases under FSX Solutions brand.
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