Brokers Offer Predictions for CRH Medical Corp’s Q1 2018 Earnings (CRH)
CRH Medical Corp (TSE:CRH) – Investment analysts at Cormark lifted their Q1 2018 EPS estimates for shares of CRH Medical Corp in a report released on Friday. Cormark analyst D. Novak now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their previous estimate of $0.04. Cormark also issued estimates for CRH Medical Corp’s Q3 2018 earnings at $0.06 EPS and FY2018 earnings at $0.23 EPS.
Several other equities research analysts have also recently weighed in on the stock. National Bank Financial lowered their price objective on shares of CRH Medical Corp from C$7.00 to C$5.25 and set an “outperform” rating for the company in a research report on Thursday. Royal Bank Of Canada reduced their target price on shares of CRH Medical Corp from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a research note on Friday. Scotiabank reduced their target price on shares of CRH Medical Corp from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities raised their target price on shares of CRH Medical Corp from C$5.50 to C$10.00 and gave the company a “hold” rating in a research note on Tuesday, July 18th. Finally, Bloom Burton lowered shares of CRH Medical Corp from a “buy” rating to an “accumulate” rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$6.75.
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Shares of CRH Medical Corp (TSE:CRH) opened at 3.14 on Monday. CRH Medical Corp has a 52 week low of $3.10 and a 52 week high of $12.35. The firm has a market capitalization of $232.11 million and a price-to-earnings ratio of 25.74. The stock has a 50 day moving average of $6.16 and a 200-day moving average of $8.46.
In related news, Director David Johnson sold 30,000 shares of CRH Medical Corp stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of C$5.67, for a total transaction of C$170,100.00.
About CRH Medical Corp
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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