Xebec Adsorption - XBC Stock Forecast, Price & News

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. It also provides steam methane reforming products for production of hydrogen from natural gas under the Hy.GEN brand; electrolysis products for production of hydrogen from electricity under the Hy.GEN-e brand; on-site oxygen and nitrogen generators; industrial process chillers; fluid savers and pumping stations; compressed air and gas dryers and filters; and spare parts and replacement filter elements; dew-point probes and calibration services. Xebec Adsorption Inc. was founded in 1967 and is headquartered in Blainville, Canada.

Xebec Adsorption Stock Performance

TSE:XBC opened at C$0.71 on Tuesday. The firm has a market capitalization of C$109.85 million and a price-to-earnings ratio of -3.45. 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's fifty day simple moving average is C$0.82 and its 200 day simple moving average is C$1.45. Xebec Adsorption has a twelve month low of C$0.71 and a twelve month high of C$4.01.

Xebec Adsorption (TSE:XBC - Get Rating) last released 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 firm had revenue of C$41.19 million during the quarter, compared to the consensus estimate of C$36.05 million. As a group, equities research analysts expect that Xebec Adsorption will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XBC. TD Securities lowered their price objective on Xebec Adsorption from C$2.25 to C$1.40 and set a "hold" rating on the stock in a report on Friday, May 13th. Raymond James cut Xebec Adsorption from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from C$3.50 to C$2.00 in a research note on Friday, May 13th. BMO Capital Markets lowered Xebec Adsorption from an "outperform" rating to a "hold" rating and cut their price target for the company from C$3.25 to C$1.75 in a report on Friday, May 13th. National Bank Financial downgraded Xebec Adsorption from an "outperform spec overweight" rating to a "sector perform overweight" rating in a research report on Thursday, May 12th. Finally, National Bankshares reduced their price target on 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Xebec Adsorption currently has an average rating of "Hold" and a consensus price target of C$2.33.