AirBoss of America (TSE:BOS) Reaches New 12-Month High on Analyst Upgrade

Shares of AirBoss of America Corp. (TSE:BOS) reached a new 52-week high during mid-day trading on Wednesday after TD Securities raised their price target on the stock from C$6.50 to C$8.00. TD Securities currently has a buy rating on the stock. AirBoss of America traded as high as C$7.00 and last traded at C$6.83, with a volume of 43708 shares trading hands. The stock had previously closed at C$6.63.

Separately, National Bank Financial increased their target price on shares of AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$7.50.

AirBoss of America Price Performance

The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 72.38. The business’s 50 day moving average price is C$5.52 and its two-hundred day moving average price is C$5.01. The stock has a market cap of C$187.06 million, a P/E ratio of -21.53, a price-to-earnings-growth ratio of -550.53 and a beta of 1.58.

AirBoss of America (TSE:BOS) last released its quarterly earnings results on Friday, March 20th. The company reported C$0.01 earnings per share (EPS) for the quarter. AirBoss of America had a negative net margin of 2.09% and a negative return on equity of 7.11%. The company had revenue of C$139.50 million during the quarter. As a group, sell-side analysts expect that AirBoss of America Corp. will post 0.1012935 earnings per share for the current fiscal year.

About AirBoss of America

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.