AirBoss of America (TSE:BOS) Price Target Raised to C$7.50

AirBoss of America (TSE:BOS) had its price objective hoisted by TD Securities from C$7.00 to C$7.50 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on BOS. CIBC increased their price objective on AirBoss of America from C$3.75 to C$4.75 and gave the company an underperform rating in a report on Friday, March 8th. National Bankshares upped their price objective on shares of AirBoss of America from C$6.00 to C$6.25 in a report on Tuesday, April 23rd. Cormark increased their price objective on shares of AirBoss of America from C$5.00 to C$5.25 in a research note on Friday, March 8th. Finally, Pi Financial lowered shares of AirBoss of America from a buy rating to a neutral rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of C$5.88.

AirBoss of America Stock Performance

AirBoss of America stock opened at C$5.83 on Monday. 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 firm has a market capitalization of C$158.17 million, a P/E ratio of -2.79, a price-to-earnings-growth ratio of -550.53 and a beta of 2.15. The company’s 50-day moving average is C$5.56 and its 200 day moving average is C$4.86. AirBoss of America has a 1-year low of C$3.65 and a 1-year high of C$7.85.

AirBoss of America (TSE:BOS) last posted 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. The company had revenue of C$126.21 million during the quarter, compared to analyst estimates of C$125.42 million. AirBoss of America had a negative return on equity of 24.14% and a negative net margin of 9.80%. Research analysts forecast that AirBoss of America will post 0.6962677 EPS for the current year.

AirBoss of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 4.80%. AirBoss of America’s dividend payout ratio is currently -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.