Posted by admin on Aug 14th, 2022
Xebec Adsorption (TSE:XBC – Get Rating) had its target price cut by research analysts at Cormark from C$1.15 to C$0.60 in a research note issued on Friday, Marketbeat Ratings reports. Cormark’s target price would indicate a potential downside of 13.04% from the stock’s current price. Cormark also issued estimates for Xebec Adsorption’s FY2024 earnings at $0.05 EPS.
A number of other analysts also recently commented on the company. TD Securities dropped their price objective on Xebec Adsorption from C$2.25 to C$1.40 and set a “hold” rating for the company in a report on Friday, May 13th. Eight Capital lowered their price target on Xebec Adsorption from C$1.50 to C$1.15 in a report on Friday. National Bankshares lowered their price target on Xebec Adsorption from C$3.75 to C$2.00 and set a “sector perform” rating for the company in a report on Friday, May 13th. Canaccord Genuity Group increased their price target on Xebec Adsorption from C$2.25 to C$2.50 in a report on Thursday, April 14th. Finally, National Bank Financial cut shares of Xebec Adsorption from an “outperform spec overweight” rating to a “sector perform overweight” rating in a research report on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$1.59.
XBC stock opened at C$0.69 on Friday. The company has a market cap of C$106.76 million and a price-to-earnings ratio of -3.35. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 28.57. The business has a fifty day simple moving average of C$0.80 and a 200-day simple moving average of C$1.42. Xebec Adsorption has a 52 week low of C$0.57 and a 52 week high of C$4.01.
Xebec Adsorption (TSE:XBC – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.08). The firm had revenue of C$41.19 million during the quarter, compared to analyst estimates of C$36.05 million. On average, equities research analysts expect that Xebec Adsorption will post -0.06 EPS 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.
Receive News & Ratings for Xebec Adsorption Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xebec Adsorption and related companies with MarketBeat.com's FREE daily email newsletter.
Stantec (TSE:STN) PT Raised to C$75.00 at BMO Capital Markets
SNC-Lavalin Group Inc. (TSE:SNC) Receives C$39.25 Consensus Target Price from Analysts