AirBoss of America (TSE:BOS) Price Target Raised to C$10.00

AirBoss of America (TSE:BOS) had its target price increased by analysts at TD from C$9.00 to C$10.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 39.47% from the company’s current price.

BOS has been the subject of a number of other research reports. TD Securities increased their target price on AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. National Bank Financial lifted their target price on shares of AirBoss of America from C$5.00 to C$7.00 and gave the company a “sector perform” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$8.33.

AirBoss of America Stock Up 7.0%

BOS stock traded up C$0.47 on Monday, hitting C$7.17. 14,111 shares of the company’s stock were exchanged, compared to its average volume of 23,189. The firm has a 50 day moving average price of C$7.51 and a two-hundred day moving average price of C$5.92. AirBoss of America has a 12-month low of C$3.87 and a 12-month high of C$10.08. The company has a debt-to-equity ratio of 71.16, a quick ratio of 1.07 and a current ratio of 1.68. The stock has a market cap of C$194.79 million, a P/E ratio of -32.59, a price-to-earnings-growth ratio of -550.53 and a beta of 0.58.

AirBoss of America (TSE:BOS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.11 EPS for the quarter. The company had revenue of C$147.05 million during the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%. As a group, equities research analysts expect that AirBoss of America will post 0.1012935 EPS for the current fiscal year.

Insider Transactions at AirBoss of America

In other news, Director Peter Grenville Schoch bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of C$7.25 per share, with a total value of C$36,250.00. Following the completion of the purchase, the director directly owned 85,000 shares in the company, valued at C$616,250. This represents a 6.25% increase in their ownership of the stock. 34.90% of the stock is currently owned by 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.