AirBoss of America (TSE:BOS) Upgraded by Cibc World Mkts to “Hold” Rating

Cibc World Mkts upgraded shares of AirBoss of America (TSE:BOS) from a strong sell rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. TD Securities increased their price objective on shares of AirBoss of America from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and increased their price objective for the company from C$4.00 to C$5.00 in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$6.19.

AirBoss of America Price Performance

AirBoss of America stock opened at C$4.25 on Wednesday. AirBoss of America has a 52-week low of C$3.68 and a 52-week high of C$6.31. The firm has a fifty day moving average of C$4.50 and a 200-day moving average of C$4.98. The firm has a market capitalization of C$115.30 million, a P/E ratio of -1.55, a PEG ratio of -550.53 and a beta of 2.05. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36.

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.