AirBoss of America (TSE:BOS) PT Raised to C$8.00 at TD Securities

AirBoss of America (TSE:BOS) had its price objective raised by TD Securities from C$7.00 to C$8.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 48.98% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. National Bankshares dropped their price objective on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a report on Tuesday, July 16th. CIBC dropped their price objective on shares of AirBoss of America from C$5.75 to C$4.00 in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$5.75.

AirBoss of America Price Performance

AirBoss of America stock opened at C$5.37 on Wednesday. The stock has a market cap of C$145.69 million, a price-to-earnings ratio of -1.96, a PEG ratio of -550.53 and a beta of 2.03. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36. The business has a 50-day simple moving average of C$4.75 and a 200 day simple moving average of C$5.36. AirBoss of America has a 52 week low of C$3.65 and a 52 week high of C$6.31.

AirBoss of America (TSE:BOS) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C($0.06) by C($0.08). The business had revenue of C$130.48 million for the quarter, compared to analysts’ expectations of C$142.42 million. AirBoss of America had a negative return on equity of 33.87% and a negative net margin of 13.99%. On average, research analysts forecast that AirBoss of America will post 0.5804376 earnings per share for the current fiscal year.

About AirBoss of America

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.