TD Securities Increases AirBoss of America (TSE:BOS) Price Target to C$8.00

AirBoss of America (TSE:BOS) had its price target lifted by equities research analysts at TD Securities from C$7.00 to C$8.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 48.98% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. CIBC decreased their price target on shares of AirBoss of America from C$5.75 to C$4.00 in a research report on Thursday, August 15th. National Bankshares decreased their price objective on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$5.75.

AirBoss of America Price Performance

Shares of TSE:BOS opened at C$5.37 on Wednesday. The firm has a 50 day simple moving average of C$4.75 and a 200 day simple moving average of C$5.36. The company has a market cap of C$145.69 million, a price-to-earnings ratio of -1.96, a PEG ratio of -550.53 and a beta of 2.03. AirBoss of America has a one year low of C$3.65 and a one year high of C$6.31. The company has a debt-to-equity ratio of 92.36, a current ratio of 2.17 and a quick ratio of 1.07.

AirBoss of America (TSE:BOS) last posted its earnings results on Tuesday, August 13th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C($0.06) by C($0.08). AirBoss of America had a negative net margin of 13.99% and a negative return on equity of 33.87%. The firm had revenue of C$130.48 million during the quarter, compared to the consensus estimate of C$142.42 million. Research analysts predict that AirBoss of America will post 0.5804376 earnings per share for the current fiscal year.

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.