Canaccord Genuity Boosts AirBoss of America (TSE:BOS) Price Target to C$43.00

AirBoss of America (TSE:BOS) had its price objective hoisted by Canaccord Genuity from C$32.00 to C$43.00 in a research report sent to investors on Tuesday, reports.

BOS has been the topic of a number of other research reports. CIBC boosted their price target on AirBoss of America from C$23.00 to C$33.00 in a research report on Tuesday, July 28th. TD Securities boosted their price target on AirBoss of America from C$25.00 to C$29.00 and gave the stock a buy rating in a research report on Wednesday, July 29th.

BOS opened at C$18.48 on Tuesday. AirBoss of America has a 52-week low of C$4.59 and a 52-week high of C$26.67. The firm has a market capitalization of $497.13 million and a PE ratio of 42.88. The company has a debt-to-equity ratio of 44.29, a quick ratio of 1.35 and a current ratio of 2.26. The business’s 50-day simple moving average is C$18.54 and its 200 day simple moving average is C$18.25.

AirBoss of America (TSE:BOS) last released its earnings results on Monday, August 10th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.34 by C$0.03. The company had revenue of C$155.92 million for the quarter, compared to the consensus estimate of C$132.57 million. On average, research analysts forecast that AirBoss of America will post 1.4400001 earnings per share for the current year.

In other news, Director Alan Jd Watson sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of C$17.18, for a total value of C$429,500.00. Following the transaction, the director now owns 145,000 shares of the company’s stock, valued at C$2,491,100. Insiders sold 28,250 shares of company stock worth $490,575 in the last ninety days.

About AirBoss of America

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, oil and gas, and other products; and distributes chemicals.

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