Xebec Adsorption Inc. (TSE:XBC – Get Rating) – Equities researchers at Cormark cut their FY2024 earnings per share (EPS) estimates for Xebec Adsorption in a report issued on Friday, August 12th. Cormark analyst N. Boychuk now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.09. The consensus estimate for Xebec Adsorption's current full-year earnings is ($0.06) per share.

A number of other analysts have also issued reports on the company. Raymond James lowered their price target on Xebec Adsorption from C$2.00 to C$1.50 and set a "market perform" rating on the stock in a research note on Friday, August 12th. National Bankshares reduced their price objective on Xebec Adsorption from C$2.00 to C$1.75 and set a "sector perform" rating on the stock in a research report on Friday, August 12th. TD Securities reduced their price objective on Xebec Adsorption from C$2.25 to C$1.40 and set a "hold" rating on the stock in a research report on Friday, May 13th. Eight Capital reduced their price objective on Xebec Adsorption from C$1.50 to C$1.15 in a research report on Friday, August 12th. Finally, BMO Capital Markets reduced their price objective on Xebec Adsorption from C$1.75 to C$0.85 in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Xebec Adsorption presently has an average rating of "Hold" and an average price target of C$1.59.

Xebec Adsorption Stock Performance

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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