Brokerages Set AirBoss of America Corp. (TSE:BOS) Target Price at C$5.75

AirBoss of America Corp. (TSE:BOS) has been assigned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$5.75.

Several equities analysts have recently weighed in on BOS shares. TD Securities increased their price objective on shares of AirBoss of America from C$6.50 to C$7.00 and gave the company a “speculative buy” rating in a research report on Monday, March 11th. Pi Financial cut shares of AirBoss of America from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. CIBC raised their price objective on shares of AirBoss of America from C$3.75 to C$4.75 and gave the stock an “underperform” rating in a research report on Friday, March 8th. Finally, Cormark upped their target price on AirBoss of America from C$5.00 to C$5.25 in a research report on Friday, March 8th.

AirBoss of America Price Performance

TSE:BOS opened at C$5.42 on Friday. AirBoss of America has a 12-month low of C$3.65 and a 12-month high of C$7.85. The firm has a market capitalization of C$147.04 million, a price-to-earnings ratio of -2.59, a P/E/G ratio of -550.53 and a beta of 2.15. The stock’s 50 day moving average price is C$5.42 and its two-hundred day moving average price is C$4.72. The company has a quick ratio of 1.07, a current ratio of 2.51 and a debt-to-equity ratio of 88.07.

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

AirBoss of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.17%. The ex-dividend date was Wednesday, March 27th. AirBoss of America’s dividend payout ratio (DPR) is -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.