TD Forecasts Strong Price Appreciation for AirBoss of America (TSE:BOS) Stock

AirBoss of America (TSE:BOS) had its price target raised by equities researchers at TD from C$9.00 to C$10.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 39.47% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. TD Securities increased their target price on AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. National Bank Financial raised their price target on AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.33.

AirBoss of America Stock Up 7.0%

Shares of TSE BOS traded up C$0.47 during midday trading on Monday, hitting C$7.17. 14,111 shares of the company’s stock were exchanged, compared to its average volume of 23,189. The company has a market cap of C$194.79 million, a PE ratio of -32.59, a P/E/G ratio of -550.53 and a beta of 0.58. AirBoss of America has a twelve month low of C$3.87 and a twelve month high of C$10.08. The firm’s fifty day simple moving average is C$7.51 and its 200-day simple moving average is C$5.92. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07.

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

Insider Buying and Selling

In other news, Director Peter Grenville Schoch acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of C$7.25 per share, for a total transaction of C$36,250.00. Following the transaction, the director owned 85,000 shares of the company’s stock, valued at approximately C$616,250. This represents a 6.25% increase in their ownership of the stock. 34.90% of the stock is currently owned by company insiders.

About AirBoss of America

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.