AirBoss of America (TSE:BOS – Free Report) had its target price reduced by TD Securities from C$7.50 to C$7.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.
Several other analysts also recently commented on BOS. CIBC lifted their target price on shares of AirBoss of America from C$4.75 to C$5.75 in a report on Friday, May 10th. National Bankshares dropped their target price on AirBoss of America from C$6.25 to C$5.75 and set a sector perform rating on the stock in a report on Tuesday, July 16th. Finally, Cormark raised their target price on AirBoss of America from C$5.25 to C$6.00 in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$5.55.
Check Out Our Latest Report on AirBoss of America
AirBoss of America Price Performance
AirBoss of America Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.035 per share. The ex-dividend date is Monday, September 30th. This represents a $0.14 dividend on an annualized basis and a yield of 3.37%. AirBoss of America’s dividend payout ratio is currently -5.69%.
Insider Activity
In other news, Director Peter Grenville Schoch bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of C$5.75 per share, for a total transaction of C$57,500.00. Corporate insiders own 34.90% of the company’s stock.
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.
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