AirBoss of America Corp. (TSE:BOS) Receives Consensus Recommendation of “Hold” from Analysts

AirBoss of America Corp. (TSE:BOS) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$5.79.

A number of analysts have recently issued reports on the stock. Pi Financial lowered shares of AirBoss of America from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. TD Securities increased their price target on shares of AirBoss of America from C$6.50 to C$7.00 and gave the stock a “speculative buy” rating in a research report on Monday, March 11th. Cormark increased their price target on shares of AirBoss of America from C$5.00 to C$5.25 in a research report on Friday, March 8th. National Bankshares increased their price target on shares of AirBoss of America from C$6.00 to C$6.25 in a research report on Tuesday. Finally, CIBC increased their price objective on AirBoss of America from C$3.75 to C$4.75 and gave the stock an “underperform” rating in a report on Friday, March 8th.

AirBoss of America Price Performance

BOS stock opened at C$5.64 on Friday. The firm has a 50-day moving average of C$5.46 and a two-hundred day moving average of C$4.74. The company has a current ratio of 2.51, a quick ratio of 1.07 and a debt-to-equity ratio of 88.07. The firm has a market capitalization of C$153.01 million, a PE ratio of -2.70, a P/E/G ratio of -550.53 and a beta of 2.15. AirBoss of America has a one year low of C$3.65 and a one year high of C$7.85.

AirBoss of America (TSE:BOS) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.23) by C$0.09. The business had revenue of C$126.21 million during the quarter, compared to analyst estimates of C$125.42 million. AirBoss of America had a negative net margin of 9.80% and a negative return on equity of 24.14%. On average, analysts forecast that AirBoss of America will post 0.6962677 earnings per share for the current year.

AirBoss of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 4.96%. AirBoss of America’s dividend payout ratio is currently -13.40%.

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.