CRH Medical Corp (CRH) Expected to Post FY2017 Earnings of $0.16 Per Share
CRH Medical Corp (TSE:CRH) – Equities research analysts at Cormark reduced their FY2017 earnings per share estimates for shares of CRH Medical Corp in a report issued on Monday. Cormark analyst D. Novak now expects that the company will earn $0.16 per share for the year, down from their previous estimate of $0.20. Cormark also issued estimates for CRH Medical Corp’s Q4 2017 earnings at $0.10 EPS and FY2018 earnings at $0.22 EPS.
A number of other analysts have also issued reports on CRH. Scotiabank cut their target price on CRH Medical Corp from C$6.75 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday. Beacon Securities lowered CRH Medical Corp from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. TD Securities cut their target price on CRH Medical Corp from C$5.50 to C$4.00 and set a “hold” rating on the stock in a research report on Monday. National Bank Financial cut their price objective on CRH Medical Corp from C$7.00 to C$5.25 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Royal Bank Of Canada cut their price objective on CRH Medical Corp from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$5.06.
Shares of CRH Medical Corp (CRH) opened at 2.84 on Wednesday. The stock has a 50 day moving average price of $3.17 and a 200 day moving average price of $7.16. CRH Medical Corp has a 1-year low of $2.63 and a 1-year high of $12.35. The company has a market capitalization of $210.45 million and a price-to-earnings ratio of 28.98.
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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