AirBoss of America Corp. (TSE:BOS) Given Consensus Recommendation of “Hold” by Brokerages

AirBoss of America Corp. (TSE:BOS) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$5.75.

Several analysts recently weighed in on BOS shares. CIBC increased their target price on AirBoss of America from C$3.75 to C$4.75 and gave the company an “underperform” rating in a research note on Friday, March 8th. Pi Financial lowered shares of AirBoss of America from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. Cormark upped their target price on shares of AirBoss of America from C$5.00 to C$5.25 in a research note on Friday, March 8th. Finally, TD Securities raised their price target on shares of AirBoss of America from C$6.50 to C$7.00 and gave the stock a “speculative buy” rating in a research report on Monday, March 11th.

AirBoss of America Trading Down 2.9 %

TSE:BOS opened at C$5.95 on Monday. The company has a quick ratio of 1.07, a current ratio of 2.51 and a debt-to-equity ratio of 88.07. The company’s 50 day moving average is C$5.22 and its 200-day moving average is C$4.62. The firm has a market cap of C$161.42 million, a price-to-earnings ratio of -2.85, a P/E/G ratio of -550.53 and a beta of 2.15. AirBoss of America has a 12 month low of C$3.65 and a 12 month high of C$7.85.

AirBoss of America (TSE:BOS) last announced its earnings results on Wednesday, March 6th. The company reported C($0.14) EPS for the quarter, topping the consensus estimate 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. Equities analysts anticipate that AirBoss of America will post 0.7657658 EPS for the current year.

AirBoss of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, March 27th. AirBoss of America’s payout ratio is presently -13.40%.

AirBoss of America Company Profile

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.