AirBoss of America (TSE:BOS) Price Target Raised to C$11.00

AirBoss of America (TSE:BOS) had its target price raised by stock analysts at TD from C$10.00 to C$11.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 54.28% from the company’s current price.

AirBoss of America Trading Up 4.9%

Shares of BOS stock traded up C$0.33 on Friday, reaching C$7.13. 22,387 shares of the stock were exchanged, compared to its average volume of 20,700. The stock has a market cap of C$193.70 million, a PE ratio of -32.41, a P/E/G ratio of -550.53 and a beta of 0.66. AirBoss of America has a one year low of C$3.87 and a one year high of C$10.08. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07. The stock has a 50 day moving average price of C$6.96 and a 200 day moving average price of C$6.68.

AirBoss of America (TSE:BOS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$147.05 million for the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%. Equities research analysts forecast that AirBoss of America will post 0.1012935 EPS for the current fiscal year.

Insider Transactions at AirBoss of America

In other AirBoss of America news, Director Peter Grenville Schoch bought 20,000 shares of AirBoss of America stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of C$7.46 per share, with a total value of C$149,200.00. Following the purchase, the director owned 80,000 shares of the company’s stock, valued at C$596,800. This trade represents a 33.33% increase in their ownership of the stock. In the last 90 days, insiders have bought 37,000 shares of company stock worth $266,850. Corporate insiders own 34.90% of the company’s stock.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.