Brokerages Set Xebec Adsorption Inc. (TSE:XBC) Price Target at C$4.57

Xebec Adsorption Inc. (TSE:XBC) has been assigned an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$4.57.

A number of equities analysts recently commented on the company. BMO Capital Markets cut their price objective on Xebec Adsorption from C$5.60 to C$4.50 in a research note on Friday, August 13th. Eight Capital dropped their price target on Xebec Adsorption from C$5.00 to C$4.50 in a research note on Friday, August 13th. Raymond James lowered Xebec Adsorption from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$6.00 to C$5.00 in a research note on Friday, August 13th. National Bank Financial dropped their price target on Xebec Adsorption from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research note on Friday, August 13th. Finally, Cormark boosted their price target on Xebec Adsorption from C$5.20 to C$5.50 and gave the company a “buy” rating in a research note on Thursday, July 8th.

Shares of Xebec Adsorption stock traded up C$0.01 during midday trading on Friday, reaching C$2.84. The company had a trading volume of 2,099,291 shares, compared to its average volume of 959,654. The stock’s fifty day moving average is C$3.54. The company has a current ratio of 2.88, a quick ratio of 1.97 and a debt-to-equity ratio of 19.01. The stock has a market capitalization of C$436.05 million and a price-to-earnings ratio of -7.78. Xebec Adsorption has a fifty-two week low of C$2.73 and a fifty-two week high of C$11.55.

Xebec Adsorption (TSE:XBC) last posted its quarterly earnings data on Thursday, August 12th. The company reported C($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.02) by C($0.03). The company had revenue of C$32.66 million during the quarter, compared to the consensus estimate of C$28.19 million. Research analysts forecast that Xebec Adsorption will post -0.01 earnings per share for the current fiscal year.

Xebec Adsorption Company Profile

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 in three segments: Systems, Infrastructure, and Support. 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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Analyst Recommendations for Xebec Adsorption (TSE:XBC)

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