AirBoss of America (TSE:BOS) Price Target Raised to C$8.00

AirBoss of America (TSE:BOS) had its price target boosted by National Bank Financial from C$7.00 to C$8.00 in a research report report published on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, TD raised their target price on AirBoss of America from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, AirBoss of America has a consensus rating of “Moderate Buy” and an average target price of C$9.00.

AirBoss of America Trading Down 10.6%

BOS opened at C$6.68 on Monday. AirBoss of America has a fifty-two week low of C$3.87 and a fifty-two week high of C$10.08. The firm has a market capitalization of C$181.48 million, a PE ratio of -29.04, a P/E/G ratio of -550.53 and a beta of 0.66. The company has a debt-to-equity ratio of 73.78, a current ratio of 1.72 and a quick ratio of 1.07. The company’s 50-day moving average is C$6.94 and its 200 day moving average is C$6.75.

AirBoss of America (TSE:BOS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$147.05 million during the quarter. AirBoss of America had a negative return on equity of 5.11% and a negative net margin of 1.46%. As a group, research analysts predict that AirBoss of America will post 0.1012935 earnings per share for the current fiscal year.

Insider Buying and Selling at AirBoss of America

In other news, Director Peter Grenville Schoch purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of C$6.76 per share, with a total value of C$67,600.00. Following the completion of the transaction, the director directly owned 4,943,077 shares of the company’s stock, valued at approximately C$33,415,200.52. This trade represents a 0.20% increase in their ownership of the stock. Insiders have bought 17,000 shares of company stock worth $117,650 over the last 90 days. 34.90% of the stock is owned by company insiders.

AirBoss of America Company Profile

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.