AirBoss of America (TSE:BOS) Given New C$11.00 Price Target at TD

AirBoss of America (TSE:BOS) had its price target increased by equities researchers at TD from C$10.00 to C$11.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 54.28% from the company’s current price.

AirBoss of America Price Performance

Shares of TSE:BOS traded up C$0.33 during trading on Friday, reaching C$7.13. The stock had a trading volume of 22,387 shares, compared to its average volume of 20,700. The stock has a market capitalization of C$193.70 million, a PE ratio of -32.41, a P/E/G ratio of -550.53 and a beta of 0.66. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07. AirBoss of America has a 52 week low of C$3.87 and a 52 week high of C$10.08. The business’s 50-day moving average price is C$6.96 and its 200 day moving average price is C$6.68.

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

Insider Activity

In related news, Director Peter Grenville Schoch acquired 20,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of C$7.46 per share, with a total value of C$149,200.00. Following the acquisition, the director directly owned 80,000 shares in the company, valued at C$596,800. The trade was a 33.33% increase in their ownership of the stock. Insiders bought 37,000 shares of company stock valued at $266,850 over the last three months. Insiders own 34.90% of the company’s stock.

About AirBoss of America

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.