AirBoss of America (TSE:BOS) Reaches New 12-Month High on Analyst Upgrade

Key Points

• AirBoss hit a new 52-week high after TD Securities raised its price target from C$6.50 to C$8.00 and kept a buy rating; the stock traded as high as C$7.00 and last traded at C$6.83.
• Analyst sentiment is mixed-but-positive with one Buy and one Hold giving a consensus of Moderate Buy and an average price target of C$7.50, while National Bank Financial bumped its target to C$7.00 and rated the stock "sector perform".
• Fundamentals show negative profitability—C$0.01 EPS for the quarter, a negative net margin (−2.09%) and negative ROE (−7.11%)—with a market cap near C$187 million and a debt-to-equity ratio of 72.38.

AirBoss of America Corp. (TSE:BOS - Get Free Report) hit a new 52-week high on Wednesday after TD Securities raised their price target on the stock from C$6.50 to C$8.00. TD Securities currently has a buy rating on the stock. AirBoss of America traded as high as C$7.00 and last traded at C$6.83, with a volume of 43708 shares trading hands. The stock had previously closed at C$6.63.

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

AirBoss of America Stock Performance

The company has a debt-to-equity ratio of 72.38, a current ratio of 1.64 and a quick ratio of 1.07. The stock has a market cap of C$187.06 million, a PE ratio of -21.53, a price-to-earnings-growth ratio of -550.53 and a beta of 1.58. The business has a 50 day moving average price of C$5.52 and a two-hundred day moving average price of C$5.01.

AirBoss of America (TSE:BOS - Get Free Report) last issued its earnings results on Friday, March 20th. The company reported C$0.01 EPS for the quarter. AirBoss of America had a negative net margin of 2.09% and a negative return on equity of 7.11%. The company had revenue of C$139.50 million for the quarter. As a group, equities research analysts forecast that AirBoss of America Corp. will post 0.1012935 EPS for the current fiscal 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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