CIBC Has Lowered Expectations for AirBoss of America (TSE:BOS) Stock Price

AirBoss of America (TSE:BOS) had its price objective decreased by CIBC from C$5.00 to C$4.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other research analysts also recently issued reports on BOS. National Bankshares lowered their price objective on shares of AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating on the stock in a research report on Tuesday, July 16th. TD Securities upped their price target on AirBoss of America from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

AirBoss of America Stock Down 2.2 %

BOS stock opened at C$4.05 on Friday. The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. AirBoss of America has a fifty-two week low of C$3.65 and a fifty-two week high of C$6.31. The firm has a market capitalization of C$109.88 million, a price-to-earnings ratio of -1.48, a PEG ratio of -550.53 and a beta of 2.05. The company’s 50 day moving average price is C$4.85 and its 200 day moving average price is C$5.20.

AirBoss of America (TSE:BOS) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.08). The business had revenue of C$130.48 million during the quarter, compared to analyst estimates of C$142.42 million. AirBoss of America had a negative net margin of 13.99% and a negative return on equity of 33.87%. On average, equities research analysts anticipate that AirBoss of America will post 0.1012935 EPS for the current fiscal year.

AirBoss of America Company Profile

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.