AirBoss of America (TSE:BOS) Price Target Raised to C$8.00

Key Points

• National Bank Financial raised AirBoss of America’s price target to C$8.00 from C$7.00 while maintaining a “sector perform” rating, implying 7.82% upside. TD also raised its target to C$11.00 and assigned a “buy” rating.
• Analysts give the stock a “Moderate Buy” consensus rating with an average target of C$9.00. Shares traded at C$7.42, up C$0.39, with a 12-month range of C$3.87 to C$10.08.
• Insider buying has increased: Director Peter Grenville Schoch purchased 20,000 shares for about C$149,200, while insiders bought 37,000 shares over the past quarter; insiders own 34.9% of the company.

AirBoss of America (TSE:BOS - Get Free Report) had its price target boosted by equities researchers at National Bank Financial from C$7.00 to C$8.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's price objective suggests a potential upside of 7.82% from the stock's current price.

Separately, TD boosted their price target on shares of AirBoss of America from C$10.00 to C$11.00 and gave the stock a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$9.00.

AirBoss of America Price Performance

Shares of BOS traded up C$0.39 during trading hours on Monday, reaching C$7.42. 9,812 shares of the company's stock traded hands, compared to its average volume of 20,755. The stock has a market cap of C$201.58 million, a PE ratio of -33.73, a price-to-earnings-growth ratio of -550.53 and a beta of 0.66. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 71.16. The firm's 50 day simple moving average is C$6.95 and its 200-day simple moving average is C$6.70. AirBoss of America has a 12 month low of C$3.87 and a 12 month high of C$10.08.

AirBoss of America (TSE:BOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.11 earnings per share for the quarter. The company had revenue of C$147.05 million for the quarter. AirBoss of America had a negative net margin of 1.53% and a negative return on equity of 5.18%. Equities analysts expect that AirBoss of America will post 0.1012935 EPS for the current year.

Insider Activity at AirBoss of America

In other AirBoss of America news, Director Peter Grenville Schoch acquired 20,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of C$7.46 per share, for a total transaction of C$149,200.00. Following the acquisition, the director owned 80,000 shares in the company, valued at C$596,800. The trade was a 33.33% increase in their position. Insiders have purchased 37,000 shares of company stock worth $266,850 over the last quarter. Company insiders own 34.90% of the company's stock.

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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