CIBC Boosts AirBoss of America (TSE:BOS) Price Target to C$5.75

AirBoss of America (TSE:BOSFree Report) had its price target lifted by CIBC from C$4.75 to C$5.75 in a research report sent to investors on Friday morning, BayStreet.CA reports.

Several other brokerages have also issued reports on BOS. Pi Financial lowered shares of AirBoss of America from a buy rating to a neutral rating in a report on Tuesday, February 27th. TD Securities boosted their target price on shares of AirBoss of America from C$7.00 to C$7.50 and gave the stock a buy rating in a research note on Monday, May 6th. Cormark upped their price target on shares of AirBoss of America from C$5.25 to C$6.00 in a report on Friday. Finally, National Bankshares raised their price objective on AirBoss of America from C$6.00 to C$6.25 in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of C$6.17.

Get Our Latest Analysis on AirBoss of America

AirBoss of America Stock Performance

Shares of TSE:BOS opened at C$6.08 on Friday. AirBoss of America has a 1 year low of C$3.65 and a 1 year high of C$7.82. The stock has a market capitalization of C$164.95 million, a price-to-earnings ratio of -2.88, a price-to-earnings-growth 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. The company’s 50 day simple moving average is C$5.61 and its 200 day simple moving average is C$4.92.

AirBoss of America (TSE:BOSGet Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C($0.14) EPS for the quarter, topping analysts’ consensus estimates of C($0.23) by C$0.09. AirBoss of America had a negative return on equity of 24.14% and a negative net margin of 9.80%. The company had revenue of C$126.21 million during the quarter, compared to analysts’ expectations of C$125.42 million. As a group, research analysts predict that AirBoss of America will post 0.7503218 EPS for the current fiscal year.

AirBoss of America Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, June 28th. AirBoss of America’s dividend payout ratio is currently -13.27%.

Insider Buying and Selling at AirBoss of America

In other AirBoss of America news, Director Peter Grenville Schoch bought 25,000 shares of the stock in a transaction on Friday, May 10th. The stock was acquired at an average cost of C$5.80 per share, for a total transaction of C$145,000.00. Insiders own 34.77% of the company’s stock.

About AirBoss of America

(Get Free Report)

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.

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