Canaccord Genuity Group Trims AirBoss of America (TSE:BOS) Target Price to C$35.50

AirBoss of America (TSE:BOS – Get Rating) had its target price cut by stock analysts at Canaccord Genuity Group from C$51.00 to C$35.50 in a report released on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 78.93% from the stock’s previous close.

A number of other analysts also recently commented on the company. CIBC decreased their target price on AirBoss of America from C$55.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Friday. Cormark decreased their target price on AirBoss of America from C$54.00 to C$51.00 in a research report on Thursday, March 10th. TD Securities reduced their price objective on AirBoss of America from C$51.00 to C$40.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Pi Financial reduced their price objective on AirBoss of America from C$58.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday, May 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$44.08.

TSE:BOS opened at C$19.84 on Friday. The stock’s 50 day simple moving average is C$31.84 and its 200-day simple moving average is C$36.62. AirBoss of America has a 12-month low of C$17.75 and a 12-month high of C$47.00. The firm has a market cap of C$535.55 million and a P/E ratio of 9.23. The company has a current ratio of 2.11, a quick ratio of 0.88 and a debt-to-equity ratio of 34.26.

AirBoss of America (TSE:BOS – Get Rating) last announced its quarterly earnings data on Tuesday, March 8th. The company reported C$0.71 earnings per share for the quarter, topping 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 analyst estimates of C$301.86 million. Research analysts forecast that AirBoss of America will post 2.8699999 EPS for the current fiscal year.

In other AirBoss of America news, Director Peter Grenville Schoch bought 5,000 shares of AirBoss of America stock in a transaction that occurred on Thursday, March 10th. The shares were purchased 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 of the company’s stock, valued at approximately 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.

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