AirBoss of America (BOS) Given New C$12.00 Price Target at CIBC

AirBoss of America (TSE:BOS) had its price objective trimmed by CIBC from C$14.00 to C$12.00 in a research report sent to investors on Friday morning.

BOS has been the topic of several other research reports. TD Securities increased their price objective on shares of AirBoss of America from C$15.00 to C$15.50 and gave the stock a hold rating in a research note on Thursday, October 4th. Cormark lowered shares of AirBoss of America from a buy rating to a market perform rating and reduced their target price for the stock from C$15.50 to C$14.50 in a report on Wednesday, August 15th.

Shares of TSE:BOS traded down C$0.42 during trading on Friday, hitting C$10.47. The company’s stock had a trading volume of 19,900 shares, compared to its average volume of 15,089. AirBoss of America has a 12 month low of C$9.96 and a 12 month high of C$16.06. The company has a current ratio of 2.86, a quick ratio of 1.74 and a debt-to-equity ratio of 55.07.

AirBoss of America (TSE:BOS) last issued its quarterly earnings data on Monday, August 13th. The company reported C$0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.22 by C($0.08). The firm had revenue of C$105.57 million for the quarter, compared to analysts’ expectations of C$102.49 million. As a group, analysts predict that AirBoss of America will post 0.750000035046731 EPS for the current fiscal year.

In other news, insider James Gordon Flatt bought 148,600 shares of AirBoss of America stock in a transaction that occurred on Monday, August 27th. The stock was bought at an average cost of C$12.25 per share, with a total value of C$1,820,350.00.

AirBoss of America Company Profile

AirBoss of America Corp., through its subsidiaries, develops, manufactures, and sells rubber-based products to the resource, military, automotive, and industrial markets primarily in Canada and the United States. The company operates through: Rubber Solutions and Engineered Products segments. The Rubber Solutions segment is involved in the custom rubber compounding and supplying mixed rubber for use in mining, transportation, industrial rubber, military, automotive, conveyor belting, and other products; and distributes chemicals.

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