AirBoss of America (TSE:BOS – Free Report) had its price objective lowered by CIBC from C$5.75 to C$4.00 in a research note released on Thursday morning, BayStreet.CA reports.
Other research analysts have also issued research reports about the stock. Cormark increased their target price on shares of AirBoss of America from C$5.25 to C$6.00 in a research note on Friday, May 10th. National Bankshares cut their target price on 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. Finally, TD Securities lowered their price target on AirBoss of America from C$7.50 to C$7.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$5.55.
Get Our Latest Stock Report on BOS
AirBoss of America Trading Down 2.4 %
AirBoss of America Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.14 dividend on an annualized basis and a yield of 3.39%. AirBoss of America’s dividend payout ratio (DPR) is presently -5.69%.
Insider Buying and Selling at AirBoss of America
In related news, Director Peter Grenville Schoch acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of C$5.75 per share, with a total value of C$57,500.00. 34.90% of the stock is currently owned by corporate insiders.
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.
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