AirBoss of America Corp. (TSE:BOS) Given Average Recommendation of “Buy” by Analysts

Shares of AirBoss of America Corp. (TSE:BOSGet Rating) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$54.00.

A number of research analysts have commented on the company. Canaccord Genuity Group boosted their target price on AirBoss of America from C$51.00 to C$58.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. Pi Financial increased their target price on AirBoss of America from C$56.00 to C$58.00 and gave the stock a “buy” rating in a report on Tuesday, January 4th. TD Securities dropped their price target on AirBoss of America from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Thursday, March 10th. Finally, Cormark decreased their price objective on AirBoss of America from C$54.00 to C$51.00 in a research report on Thursday, March 10th.

BOS opened at C$33.77 on Friday. AirBoss of America has a one year low of C$30.94 and a one year high of C$47.00. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.88 and a current ratio of 2.11. The stock’s fifty day moving average is C$34.68 and its 200-day moving average is C$37.68. The company has a market capitalization of C$911.55 million and a PE ratio of 16.27.

AirBoss of America (TSE:BOSGet Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported C$0.71 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.51 by C$0.20. The business had revenue of C$313.99 million for the quarter, compared to analysts’ expectations of C$301.86 million. On average, equities research analysts forecast that AirBoss of America will post 2.8399999 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Wednesday, March 30th. AirBoss of America’s payout ratio is currently 14.12%.

In other AirBoss of America news, Director Peter Grenville Schoch purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 10th. The stock was bought at an average cost of C$32.10 per share, for a total transaction of C$160,500.00. Following the completion of the transaction, the director now owns 4,799,077 shares in the company, valued at C$154,050,371.70.

About AirBoss of America (Get Rating)

AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products for automotive, heavy commercial, construction and infrastructure, oil and gas, and defense industries in Canada, the United States, and internationally. It operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products.

Further Reading

Analyst Recommendations for AirBoss of America (TSE:BOS)

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