| Monday | ||||
Desjardins analyst… Desjardins analyst Frederic Tremblay lowered the firm's price target on Xebec Adsorption to C$3 from C$4.50 and keeps a Buy rating on the shares. | ||||
| Over a week ago | ||||
Canaccord analyst Yuri… Canaccord analyst Yuri Lynk lowered the firm's price target on Xebec Adsorption to C$1.50 from C$2.50 and keeps a Hold rating on the shares. | ||||
National Bank analyst… National Bank analyst Rupert Merer lowered the firm's price target on Xebec Adsorption to C$2 from C$3.75 and keeps a Sector Perform rating on the shares. | ||||
TD Securities analyst… TD Securities analyst Aaron MacNeil lowered the firm's price target on Xebec Adsorption to C$1.40 from C$2.25 and keeps a Hold rating on the shares. | ||||
Raymond James analyst… Raymond James analyst David Quezada downgraded Xebec Adsorption to Market Perform from Outperform with a price target of C$2, down from C$3.50. The margin compression in the company's Q1 results suggests that material costs and supply chain issues are greater than anticipated while the company's legacy renewable natural gas contracts are also having a longer lasting impact than previously thought, Quezada tells investors in a research note. | ||||
BMO Capital analyst John… BMO Capital analyst John Gibson downgraded Xebec Adsorption to Market Perform from Outperform with a price target of C$1.75, down from C$3.25, post the Q1 results. The analyst says cost inflation continues to hamper the company's financial performance. He expects that the next few quarters will remain difficult to return to profitability. | |
Raymond James analyst… Raymond James analyst David Quezada downgraded Xebec Adsorption to Market Perform from Outperform. | |
Reports Q1 revenue… Reports Q1 revenue C$41.2M vs. C$20.6M last year. "We had a solid start to the year on our aggressive growth plan by doubling our revenues and almost tripling our backlog year-over-year. This backlog sets us up well for our three-year strategic plan as we aim to become a global powerhouse in sustainable gases. Our forward outlook remains positive, and we are well on our way to achieving our overall goals but need to be mindful of the impacts that we are seeing in material costs, supply chain disruptions, logistics challenges and the start-up of the final units of our legacy BGX business. Tackling these challenges will be a focus for Xebec in the short-term as we take advantage of synergies offered from our acquisitions and execute on our Center of Excellence Plan for sustainable growth. As I head into my first full quarter leading the Company, I am excited about the team, technologies and mega trends that support Xebec's strong growth," stated Jim Vounassis, President and CEO of Xebec Adsorption Inc. |
| Over a month ago | ||||
Canaccord analyst Yuri… Canaccord analyst Yuri Lynk raised the firm's price target on Xebec Adsorption to C$2.50 from C$2.25 and keeps a Hold rating on the shares. | ||||
Raymond James analyst… Raymond James analyst David Quezada raised the firm's price target on Xebec Adsorption to C$3.50 from C$3 and keeps an Outperform rating on the shares. | ||||
