TD Securities Boosts AirBoss of America (TSE:BOS) Price Target to C$7.50

AirBoss of America (TSE:BOS) had its target price hoisted by TD Securities from C$7.00 to C$7.50 in a research note published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

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

AirBoss of America Trading Up 2.8 %

TSE:BOS opened at C$5.83 on Monday. The stock has a 50-day simple moving average of C$5.56 and a 200-day simple moving average of C$4.86. The stock has a market cap of C$158.17 million, a P/E ratio of -2.79, a P/E/G ratio of -550.53 and a beta of 2.15. AirBoss of America has a 1 year low of C$3.65 and a 1 year high of C$7.85. The company has a debt-to-equity ratio of 88.07, a quick ratio of 1.07 and a current ratio of 2.51.

AirBoss of America (TSE:BOS) last released its quarterly earnings data on Wednesday, March 6th. The company reported C($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.23) by C$0.09. The business had revenue of C$126.21 million during the quarter, compared to analysts’ expectations 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%. As a group, analysts anticipate that AirBoss of America will post 0.6962677 earnings per share for the current fiscal year.

AirBoss of America Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 4.80%. AirBoss of America’s 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.