Cormark Comments on CRH Medical Corp’s Q3 2017 Earnings (CRH)
CRH Medical Corp (TSE:CRH) – Equities researchers at Cormark reduced their Q3 2017 earnings per share (EPS) estimates for CRH Medical Corp in a research note issued on Monday. Cormark analyst D. Novak now anticipates that the company will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.08. Cormark also issued estimates for CRH Medical Corp’s Q4 2018 earnings at $0.07 EPS.
Other equities research analysts have also recently issued reports about the stock. Bloom Burton cut shares of CRH Medical Corp from a “buy” rating to an “accumulate” rating in a research report on Friday, July 14th. Beacon Securities cut shares of CRH Medical Corp from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. TD Securities cut their price objective on shares of CRH Medical Corp from C$5.50 to C$4.00 and set a “hold” rating for the company in a research report on Monday. National Bank Financial cut 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 Friday, August 4th. Finally, Scotiabank cut their price objective on shares of CRH Medical Corp from C$6.75 to C$6.00 and set an “outperform” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. CRH Medical Corp presently has a consensus rating of “Buy” and a consensus target price of C$5.06.
CRH Medical Corp (TSE CRH) opened at 2.92 on Tuesday. The stock has a market capitalization of $216.38 million and a price-to-earnings ratio of 29.80. The company has a 50-day moving average of $3.17 and a 200 day moving average of $7.16. CRH Medical Corp has a 12 month low of $2.63 and a 12 month high of $12.35.
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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