AirBoss of America (TSE:BOS) Given New C$8.00 Price Target at TD Securities

Key Points

• TD Securities raised its price target on AirBoss to C$8.00 (from C$6.50) and kept a buy rating, implying roughly a 17.5% upside from the current price.
• National Bank Financial raised its target to C$7.00 with a "sector perform" rating; the stock's consensus is a Moderate Buy with a consensus target of C$7.50.
• Shares traded at about C$6.81 with elevated volume (47,608) and the company has a market cap of C$184.9M; recent results showed C$0.01 EPS but negative net margin and ROE, indicating mixed fundamentals despite analyst optimism.

AirBoss of America (TSE:BOS - Get Free Report) had its price objective boosted by TD Securities from C$6.50 to C$8.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 17.47% from the stock's current price.

Separately, National Bank Financial boosted their price target on shares of AirBoss of America from C$5.00 to C$7.00 and gave the stock a "sector perform" rating in a report on Friday, March 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$7.50.

AirBoss of America Stock Performance

AirBoss of America stock traded up C$0.18 during mid-day trading on Wednesday, reaching C$6.81. 47,608 shares of the company's stock were exchanged, compared to its average volume of 15,547. The business's fifty day simple moving average is C$5.52 and its 200 day simple moving average is C$5.01. The firm has a market capitalization of C$184.88 million, a PE ratio of -21.28, a P/E/G ratio of -550.53 and a beta of 1.58. AirBoss of America has a one year low of C$3.34 and a one year high of C$7.00. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 72.38.

AirBoss of America (TSE:BOS - Get Free Report) last announced its quarterly earnings data on Friday, March 20th. The company reported C$0.01 earnings per share (EPS) for the quarter. AirBoss of America had a negative return on equity of 7.11% and a negative net margin of 2.09%.The firm had revenue of C$139.50 million during the quarter. On average, sell-side analysts expect that AirBoss of America will post 0.1012935 earnings per share for the current year.

AirBoss of America Company Profile

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.

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