Beacon Securities Analysts Reduce Earnings Estimates for CRH Medical Corp (CRH)
CRH Medical Corp (TSE:CRH) – Investment analysts at Beacon Securities reduced their FY2017 earnings per share (EPS) estimates for CRH Medical Corp in a research note issued on Monday. Beacon Securities analyst D. Cooper now anticipates that the company will post earnings of $0.45 per share for the year, down from their prior forecast of $0.46. Beacon Securities also issued estimates for CRH Medical Corp’s FY2018 earnings at $0.40 EPS.
CRH has been the topic of a number of other reports. Royal Bank Of Canada lowered their target price on CRH Medical Corp from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a report on Friday, April 28th. TD Securities reaffirmed a “buy” rating and set a C$12.00 target price on shares of CRH Medical Corp in a report on Friday, April 28th. National Bank Financial lowered their target price on CRH Medical Corp from C$9.00 to C$7.00 in a report on Monday. Bloom Burton lowered CRH Medical Corp from a “buy” rating to an “accumulate” rating in a report on Friday, July 14th. Finally, Scotiabank lowered CRH Medical Corp from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$10.00 to C$8.00 in a report on Friday, July 14th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. CRH Medical Corp presently has an average rating of “Hold” and a consensus target price of C$8.75.
CRH Medical Corp (CRH) traded up 1.44% during midday trading on Wednesday, hitting $4.24. 312,870 shares of the company traded hands. CRH Medical Corp has a 12-month low of $4.05 and a 12-month high of $12.35. The stock has a market cap of $313.42 million and a P/E ratio of 34.75. The stock has a 50 day moving average of $7.21 and a 200 day moving average of $8.72.
In related news, Director David Johnson sold 30,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of C$5.67, for a total value of C$170,100.00.
CRH Medical Corp Company Profile
CRH Medical Corporation is a Canada-based healthcare products and services company. The Company focused on providing physicians with services and products for the treatment of gastrointestinal diseases. The Company also provides anesthesiology services to gastroenterologists in the United States through its subsidiaries.
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