TSO3 (TOS) Downgraded by National Bank Financial to “Sector Perform”

TSO3 (TSE:TOS) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They currently have a C$2.25 price objective on the stock, down from their prior price objective of C$5.50. National Bank Financial’s price target points to a potential upside of 31.58% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Desjardins reaffirmed a “buy” rating and issued a C$4.00 target price on shares of TSO3 in a report on Wednesday, October 18th. Royal Bank of Canada lowered TSO3 from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$4.25 to C$2.00 in a report on Friday. Finally, Canaccord Genuity lowered TSO3 from a “buy” rating to a “speculative buy” rating and reduced their target price for the company from C$4.25 to C$2.75 in a report on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$3.10.

TSO3 (TSE:TOS) traded down C$0.08 during mid-day trading on Monday, hitting C$1.71. The stock had a trading volume of 617,222 shares, compared to its average volume of 324,282. The company has a market capitalization of $157.85, a price-to-earnings ratio of -15.55 and a beta of 1.52. TSO3 has a 52 week low of C$1.55 and a 52 week high of C$3.36.

TSO3 (TSE:TOS) last released its earnings results on Monday, November 6th. The company reported C($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.03). TSO3 had a negative return on equity of 48.85% and a negative net margin of 34.69%.

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About TSO3

TSO3 Inc is a Canada-based company engaged in the sale, production, maintenance, research, development and licensing of sterilization processes, related consumable supplies and accessories for heat-sensitive medical devices. The Company designs products for sterile processing areas in the hospital environment.

Analyst Recommendations for TSO3 (TSE:TOS)

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