CIBC Increases AirBoss of America (TSE:BOS) Price Target to C$5.75

AirBoss of America (TSE:BOSFree Report) had its price target raised by CIBC from C$4.75 to C$5.75 in a report released on Friday, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Pi Financial downgraded AirBoss of America from a buy rating to a neutral rating in a research report on Tuesday, February 27th. Cormark lifted their price objective on AirBoss of America from C$5.25 to C$6.00 in a research report on Friday. TD Securities lifted their price objective on AirBoss of America from C$7.00 to C$7.50 and gave the company a buy rating in a research report on Monday, May 6th. Finally, National Bankshares lifted their target price on AirBoss of America from C$6.00 to C$6.25 in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of C$6.17.

View Our Latest Research Report on BOS

AirBoss of America Price Performance

Shares of AirBoss of America stock remained flat at C$6.04 during midday trading on Friday. The company had a trading volume of 12,201 shares, compared to its average volume of 29,297. The company has a debt-to-equity ratio of 88.07, a quick ratio of 1.07 and a current ratio of 2.51. The company has a market capitalization of C$163.87 million, a price-to-earnings ratio of -2.86, a P/E/G ratio of -550.53 and a beta of 2.15. AirBoss of America has a 1-year low of C$3.65 and a 1-year high of C$7.82. The firm has a 50 day simple moving average of C$5.60 and a 200 day simple moving average of C$4.90.

AirBoss of America (TSE:BOSGet Free Report) last posted its earnings results on Wednesday, March 6th. The company reported C($0.14) EPS for the quarter, topping the consensus estimate of C($0.23) by C$0.09. The business had revenue of C$126.21 million during the quarter, compared to the consensus estimate of C$125.42 million. AirBoss of America had a negative return on equity of 24.14% and a negative net margin of 9.80%. Equities research analysts expect that AirBoss of America will post 0.7503218 earnings per share for the current year.

AirBoss of America Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.035 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.14 annualized dividend and a dividend yield of 2.32%. AirBoss of America’s dividend payout ratio (DPR) is currently -13.27%.

Insider Activity

In related news, Director Peter Grenville Schoch acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of C$5.80 per share, with a total value of C$145,000.00. Insiders own 34.77% of the company’s stock.

About AirBoss of America

(Get Free Report)

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.

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Analyst Recommendations for AirBoss of America (TSE:BOS)

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