AirBoss of America (TSE:BOS) PT Raised to C$5.75

AirBoss of America (TSE:BOS) had its price objective hoisted by CIBC from C$4.75 to C$5.75 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s price target indicates a potential downside of 4.80% from the stock’s previous close.

Several other brokerages also recently commented on BOS. TD Securities increased their price objective on shares of AirBoss of America from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Monday, May 6th. Cormark increased their price objective on shares of AirBoss of America from C$5.25 to C$6.00 in a research report on Friday. National Bankshares increased their price objective on shares of AirBoss of America from C$6.00 to C$6.25 in a research report on Tuesday, April 23rd. Finally, Pi Financial downgraded shares of AirBoss of America from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$6.17.

AirBoss of America Stock Up 2.7 %

TSE:BOS opened at C$6.04 on Friday. The firm’s 50-day moving average price is C$5.60 and its 200-day moving average price is C$4.89. The company has a market capitalization of C$163.87 million, a PE ratio of -2.86, a P/E/G ratio of -550.53 and a beta of 2.15. The company has a debt-to-equity ratio of 88.07, a current ratio of 2.51 and a quick ratio of 1.07. AirBoss of America has a 1-year low of C$3.65 and a 1-year high of C$7.82.

AirBoss of America (TSE:BOS) last released its earnings results on Wednesday, March 6th. The company reported C($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.23) by C$0.09. AirBoss of America had a negative net margin of 9.80% and a negative return on equity of 24.14%. The firm had revenue of C$126.21 million for the quarter, compared to the consensus estimate of C$125.42 million. On average, equities analysts predict that AirBoss of America will post 0.7503218 EPS for the current fiscal year.

About AirBoss of America

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.