AirBoss of America (TSE:BOS) Price Target Raised to C$8.00 at TD Securities

AirBoss of America (TSE:BOS - Free Report) had its target price hoisted by TD Securities from C$7.00 to C$8.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

BOS has been the subject of several other reports. CIBC reduced their target price on AirBoss of America from C$5.75 to C$4.00 in a research note on Thursday, August 15th. National Bankshares dropped their target price on shares of AirBoss of America from C$6.25 to C$5.75 and set a sector perform rating on the stock in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of C$5.75.

AirBoss of America Stock Performance

TSE BOS traded up C$0.38 during mid-day trading on Wednesday, reaching C$5.06. 20,152 shares of the stock were exchanged, compared to its average volume of 24,362. The company has a market capitalization of C$137.28 million, a P/E ratio of -1.85, a P/E/G ratio of -550.53 and a beta of 2.03. The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. The business's 50 day moving average is C$4.75 and its 200-day moving average is C$5.37. AirBoss of America has a 1 year low of C$3.65 and a 1 year high of C$6.31.

AirBoss of America (TSE:BOS - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.06) by C($0.08). AirBoss of America had a negative return on equity of 33.87% and a negative net margin of 13.99%. The firm had revenue of C$130.48 million for the quarter, compared to analysts' expectations of C$142.42 million. On average, equities research analysts forecast that AirBoss of America will post 0.5804376 EPS for the current fiscal year.

AirBoss of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, September 30th. AirBoss of America's dividend payout ratio (DPR) is -5.11%.

AirBoss of America Company Profile

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.