Posted by admin on Aug 14th, 2022
Xebec Adsorption (TSE:XBC – Get Rating) had its price target lowered by stock analysts at National Bankshares from C$2.00 to C$1.75 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 153.62% from the stock’s current price.
XBC has been the subject of a number of other reports. Eight Capital cut their price target on Xebec Adsorption from C$1.50 to C$1.15 in a research note on Friday. Cormark cut their price target on Xebec Adsorption from C$1.15 to C$0.60 in a research note on Friday. BMO Capital Markets downgraded Xebec Adsorption from an “outperform” rating to a “hold” rating and cut their price target for the company from C$3.25 to C$1.75 in a research note on Friday, May 13th. Canaccord Genuity Group boosted their price target on Xebec Adsorption from C$2.25 to C$2.50 in a research note on Thursday, April 14th. Finally, Raymond James downgraded Xebec Adsorption from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$3.50 to C$2.00 in a research note on Friday, May 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$1.59.
Shares of TSE:XBC opened at C$0.69 on Friday. Xebec Adsorption has a fifty-two week low of C$0.57 and a fifty-two week high of C$4.01. The business has a 50-day simple moving average of C$0.80 and a two-hundred day simple moving average of C$1.42. The company has a debt-to-equity ratio of 28.57, a quick ratio of 0.93 and a current ratio of 1.79. The firm has a market cap of C$106.76 million and a price-to-earnings ratio of -3.35.
Xebec Adsorption (TSE:XBC – Get Rating) last issued its earnings results on Thursday, May 12th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.08). The business had revenue of C$41.19 million during the quarter, compared to analyst estimates of C$36.05 million. On average, analysts expect that Xebec Adsorption will post -0.06 earnings per share for the current 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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