AirBoss of America (TSE:BOS) Given New C$9.00 Price Target at TD

Key Points

• TD raised its price target on AirBoss to C$9.00 (from C$8.00) and maintained a "buy" rating, implying roughly a 12.5% upside from the prior close.
• Analyst coverage is mixed but tilted positive: two Buys and one Hold give a MarketBeat consensus of Moderate Buy with a consensus target of C$8.00, and other firms have recently lifted targets into the C$7.00–C$8.00 range.
• AirBoss traded at C$8.00 on the latest session (volume ~45k), reported C$0.01 EPS on C$139.5M revenue for the quarter, but still posts a negative net margin and ROE and has a market cap of about C$217M.

AirBoss of America (TSE:BOS - Get Free Report) had its price objective increased by research analysts at TD from C$8.00 to C$9.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD's target price would suggest a potential upside of 12.50% from the stock's previous close.

BOS has been the subject of a number of other reports. National Bank Financial upped their price target on shares of AirBoss of America from C$5.00 to C$7.00 and gave the company a "sector perform" rating in a report on Friday, March 6th. TD Securities upped their price objective on shares of AirBoss of America from C$6.50 to C$8.00 and gave the company a "buy" rating in a research note on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$8.00.

AirBoss of America Stock Performance

Shares of TSE BOS traded up C$0.52 during midday trading on Friday, hitting C$8.00. 45,051 shares of the company's stock were exchanged, compared to its average volume of 23,186. The stock's 50 day moving average price is C$7.10 and its 200-day moving average price is C$5.50. The firm has a market cap of C$217.19 million, a P/E ratio of -25.00, a PEG ratio of -550.53 and a beta of 0.84. The company has a debt-to-equity ratio of 72.38, a current ratio of 1.64 and a quick ratio of 1.07. AirBoss of America has a twelve month low of C$3.87 and a twelve month high of C$10.08.

AirBoss of America (TSE:BOS - Get Free Report) last announced its earnings results on Friday, March 20th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$139.50 million during the quarter. AirBoss of America had a negative net margin of 2.13% and a negative return on equity of 7.11%. Equities research analysts anticipate that AirBoss of America will post 0.1012935 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.