TD Securities Boosts AirBoss of America (TSE:BOS) Price Target to C$29.00

AirBoss of America (TSE:BOS) had its price target hoisted by TD Securities from C$25.00 to C$29.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. CIBC lifted their target price on AirBoss of America from C$23.00 to C$33.00 in a research report on Tuesday, July 28th. Canaccord Genuity reissued a buy rating and issued a C$27.00 price target on shares of AirBoss of America in a research report on Tuesday, June 23rd.

Shares of TSE BOS opened at C$24.61 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 44.63. The business has a fifty day simple moving average of C$19.27 and a two-hundred day simple moving average of C$13.03. The firm has a market cap of $575.87 million and a PE ratio of 84.86. AirBoss of America has a twelve month low of C$4.59 and a twelve month high of C$26.67.

AirBoss of America (TSE:BOS) last issued its earnings results on Wednesday, May 13th. The company reported C$0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.11). The business had revenue of C$126.45 million during the quarter, compared to analyst estimates of C$129.10 million. On average, research analysts expect that AirBoss of America will post 0.82 earnings per share for the current year.

In other AirBoss of America news, Director Mary Matthews bought 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of C$14.01 per share, for a total transaction of C$84,060.00. Following the purchase, the director now directly owns 141,402 shares in the company, valued at C$1,981,042.02.

About AirBoss of America

AirBoss of America Corp., through its subsidiaries, develops, manufactures, and sells rubber-based products to the resource, military, automotive, and industrial markets primarily in Canada and the United States. The company operates through Rubber Solutions and Engineered Products segments. The Rubber Solutions segment is involved in the custom rubber compounding and supplying mixed rubber for use in mining, transportation, industrial rubber, military, automotive, conveyor belting, oil and gas, and other products; and distributes chemicals.

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