CIBC Has Lowered Expectations for AirBoss of America (TSE:BOS) Stock Price

AirBoss of America (TSE:BOS) had its target price decreased by equities researchers at CIBC from C$5.00 to C$4.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential downside of 1.23% from the company’s current price.

Several other research firms have also recently weighed in on BOS. National Bankshares decreased their target price on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a research note on Tuesday, July 16th. TD Securities boosted their price target on shares of AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

AirBoss of America Trading Up 1.0 %

TSE:BOS traded up C$0.04 on Friday, hitting C$4.05. The stock had a trading volume of 21,036 shares, compared to its average volume of 22,286. The company has a fifty day moving average price of C$4.85 and a two-hundred day moving average price of C$5.22. The stock has a market cap of C$109.88 million, a price-to-earnings ratio of -1.48, a PEG ratio of -550.53 and a beta of 2.05. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36. 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) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.14) 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. Equities research analysts expect that AirBoss of America will post 0.1012935 earnings per share for the current fiscal year.

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.