Xebec Adsorption Inc. (TSE:XBC) Receives Average Recommendation of “Hold” from Analysts

Xebec Adsorption Inc. (TSE:XBC – Get Rating) has been assigned an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$2.02.

XBC has been the subject of a number of research reports. National Bank Financial cut shares of Xebec Adsorption from an “outperform spec overweight” rating to a “sector perform overweight” rating in a report on Thursday, May 12th. Eight Capital dropped their target price on shares of Xebec Adsorption from C$2.00 to C$1.50 and set an “outperform” rating for the company in a report on Wednesday, July 27th. TD Securities dropped their target price on shares of 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. Raymond James lowered shares of Xebec Adsorption from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$3.50 to C$2.00 in a research report on Friday, May 13th. Finally, National Bankshares lowered their price target on shares of Xebec Adsorption from C$3.75 to C$2.00 and set a “sector perform” rating on the stock in a research report on Friday, May 13th.

Xebec Adsorption Stock Performance

Shares of XBC stock opened at C$0.82 on Thursday. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 28.57. The firm has a fifty day moving average price of C$0.84 and a 200 day moving average price of C$1.49. The company has a market cap of C$126.87 million and a P/E ratio of -3.98. Xebec Adsorption has a 12 month low of C$0.73 and a 12 month high of C$4.01.

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 for the quarter, compared to analysts’ expectations of C$36.05 million. Sell-side analysts predict that Xebec Adsorption will post -0.06 earnings per share for the current fiscal year.

Xebec Adsorption Company Profile

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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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