FY2022 EPS Estimates for Xebec Adsorption Inc. (TSE:XBC) Increased by Analyst

Xebec Adsorption Inc. (TSE:XBCGet Rating) – Cormark increased their FY2022 earnings per share estimates for Xebec Adsorption in a report released on Wednesday, April 13th. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of ($0.13) for the year, up from their prior estimate of ($0.15). Cormark currently has a “Reduce” rating on the stock. Cormark also issued estimates for Xebec Adsorption’s FY2023 earnings at $0.01 EPS.

Several other equities analysts have also commented on the stock. TD Securities lowered shares of Xebec Adsorption from a “speculative buy” rating to a “hold” rating and dropped their price target for the company from C$3.00 to C$2.75 in a research note on Thursday, March 31st. National Bank Financial upgraded shares of Xebec Adsorption from a “sector perform spec overwgt” rating to an “outperform spec overweight” rating in a research report on Wednesday, March 30th. Raymond James raised their target price on shares of Xebec Adsorption from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research report on Thursday. Eight Capital restated a “neutral” rating and set a C$2.75 target price (up from C$2.40) on shares of Xebec Adsorption in a research report on Wednesday. Finally, National Bankshares raised their target price on shares of Xebec Adsorption from C$3.25 to C$3.75 and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$3.73.

Shares of Xebec Adsorption stock opened at C$2.40 on Friday. The firm has a market capitalization of C$371.32 million and a P/E ratio of -15.69. Xebec Adsorption has a 52 week low of C$1.37 and a 52 week high of C$5.38. The company has a quick ratio of 1.11, a current ratio of 1.96 and a debt-to-equity ratio of 27.98. The firm’s 50 day moving average is C$1.84 and its two-hundred day moving average is C$2.33.

Xebec Adsorption Company Profile (Get Rating)

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.

Featured Stories

Earnings History and Estimates 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.