Xebec Adsorption Inc. (TSE:XBC) Given Average Recommendation of “Hold” by Brokerages

Xebec Adsorption Inc. (TSE:XBC – Get Rating) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$2.39.

A number of research analysts recently commented on XBC shares. Cormark lowered Xebec Adsorption from a “market perform” rating to a “reduce” rating in a research note on Friday, March 18th. National Bank Financial lowered Xebec Adsorption from an “outperform spec overweight” rating to a “sector perform overweight” rating in a research note on Thursday, May 12th. BMO Capital Markets lowered Xebec Adsorption from an “outperform” rating to a “hold” rating and cut their target price for the company from C$3.25 to C$1.75 in a research note on Friday, May 13th. National Bankshares cut their target price on Xebec Adsorption from C$3.75 to C$2.00 and set a “sector perform” rating for the company in a research note on Friday, May 13th. Finally, Eight Capital dropped their price objective on Xebec Adsorption from C$2.75 to C$2.00 and set a “neutral” rating for the company in a research note on Friday, May 13th.

Shares of XBC stock traded up C$0.02 during trading hours on Friday, reaching C$0.90. 2,097,196 shares of the company’s stock were exchanged, compared to its average volume of 786,561. Xebec Adsorption has a fifty-two week low of C$0.76 and a fifty-two week high of C$5.38. The stock has a market capitalization of C$139.25 million and a P/E ratio of -4.37. The business has a fifty day moving average price of C$1.95 and a 200-day moving average price of C$2.19. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 28.57.

Xebec Adsorption (TSE:XBC – Get Rating) last issued its earnings results 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 company had revenue of C$41.19 million during the quarter, compared to analyst estimates of C$36.05 million. As a group, research analysts expect that Xebec Adsorption will post -0.05 EPS for the current fiscal year.

About Xebec Adsorption (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.

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