Cormark Brokers Boost Earnings Estimates for CRH Medical Corp (TSE:CRH)

CRH Medical Corp (TSE:CRH) – Equities researchers at Cormark upped their Q1 2018 earnings estimates for shares of CRH Medical Corp in a report issued on Friday. Cormark analyst D. Novak now anticipates 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.

A number of other analysts have also recently commented on the company. Beacon Securities cut CRH Medical Corp from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. National Bank Financial cut their target price 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 Thursday, August 3rd. Royal Bank Of Canada cut their target price 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. Scotiabank cut their target price on CRH Medical Corp from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Finally, TD Securities lifted their target price on CRH Medical Corp from C$5.50 to C$10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$6.75.

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CRH Medical Corp (TSE:CRH) traded up 1.27% during mid-day trading on Monday, reaching $3.18. The company’s stock had a trading volume of 229,878 shares. CRH Medical Corp has a one year low of $3.16 and a one year high of $12.35. The firm has a market cap of $235.06 million and a PE ratio of 26.07. The stock’s 50 day moving average is $6.16 and its 200 day moving average is $8.46.

In related news, Director David Johnson sold 30,000 shares of the business’s stock in a transaction dated 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.

Earnings History and Estimates for CRH Medical Corp (TSE:CRH)

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