Xebec Adsorption (TSE:XBC) Price Target Lowered to C$5.00 at National Bank Financial

Xebec Adsorption (TSE:XBC) had its price target reduced by National Bank Financial from C$6.00 to C$5.00 in a research note issued to investors on Friday, Stock Target Advisor reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Xebec Adsorption’s Q3 2021 earnings at $0.00 EPS.

A number of other equities analysts have also issued reports on XBC. TD Securities reduced their price target on shares of Xebec Adsorption from C$10.00 to C$7.50 and set a speculative buy rating for the company in a research report on Friday, March 26th. Raymond James reduced their price target on shares of Xebec Adsorption from C$6.50 to C$5.50 and set an outperform rating for the company in a research report on Friday. Canaccord Genuity reduced their price target on shares of Xebec Adsorption to C$4.50 and set a strong-buy rating for the company in a research report on Friday, March 26th. Roth Capital lowered shares of Xebec Adsorption from a buy rating to a neutral rating in a research report on Friday, March 26th. Finally, Cormark lifted their target price on shares of Xebec Adsorption to C$5.20 and gave the company a buy rating in a report on Monday, May 10th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$5.54.

XBC stock opened at C$4.14 on Friday. The stock has a 50 day moving average of C$4.45. The firm has a market cap of C$634.19 million and a PE ratio of -11.90. The company has a quick ratio of 2.79, a current ratio of 3.60 and a debt-to-equity ratio of 16.89. Xebec Adsorption has a 52 week low of C$3.15 and a 52 week high of C$11.55.

Xebec Adsorption (TSE:XBC) last released its earnings results on Thursday, March 25th. The company reported C($0.26) EPS for the quarter, missing analysts’ consensus estimates of C($0.16) by C($0.10). The company had revenue of C$6.40 million for the quarter, compared to the consensus estimate of C$12.37 million. Sell-side analysts anticipate that Xebec Adsorption will post 0.04 earnings per share for the current 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.

Featured Story: What is Liquidity?

Analyst Recommendations for Xebec Adsorption (TSE:XBC)

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.