AirBoss of America (TSE:BOS) Stock Price Expected to Rise, National Bank Financial Analyst Says

AirBoss of America (TSE:BOS) had its target price increased by equities research analysts at National Bank Financial from C$7.00 to C$8.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 7.82% from the company’s current price.

Separately, TD boosted their price objective on AirBoss of America from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$9.00.

AirBoss of America Trading Up 5.5%

Shares of BOS traded up C$0.39 during trading hours on Monday, hitting C$7.42. The company had a trading volume of 9,812 shares, compared to its average volume of 20,755. AirBoss of America has a 52-week low of C$3.87 and a 52-week high of C$10.08. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 71.16. The stock’s 50 day moving average price is C$6.95 and its 200 day moving average price is C$6.70. The firm has a market cap of C$201.58 million, a P/E ratio of -33.73, a P/E/G ratio of -550.53 and a beta of 0.66.

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

Insider Transactions at AirBoss of America

In other AirBoss of America news, Director Peter Grenville Schoch purchased 20,000 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of C$7.46 per share, with a total value of C$149,200.00. Following the transaction, the director directly owned 80,000 shares of the company’s stock, valued at approximately C$596,800. This trade represents a 33.33% increase in their position. In the last quarter, insiders bought 37,000 shares of company stock worth $266,850. 34.90% of the stock is owned by insiders.

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.