TD Issues Positive Forecast for AirBoss of America (TSE:BOS) Stock Price

AirBoss of America (TSE:BOS) had its price target boosted by TD from C$10.00 to C$11.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

AirBoss of America Stock Up 3.4%

AirBoss of America stock opened at C$7.03 on Friday. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07. AirBoss of America has a 1-year low of C$3.87 and a 1-year high of C$10.08. The company has a market cap of C$190.98 million, a PE ratio of -31.95, a price-to-earnings-growth ratio of -550.53 and a beta of 0.66. The stock’s 50 day moving average price is C$6.95 and its 200 day moving average price is C$6.68.

AirBoss of America (TSE:BOS) last released its earnings results on Wednesday, May 6th. The company reported C$0.11 EPS for the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%.The company had revenue of C$147.05 million during the quarter. On average, sell-side analysts predict that AirBoss of America will post 0.1012935 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peter Grenville Schoch bought 20,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of C$7.46 per share, with a total value of C$149,200.00. Following the completion of the acquisition, the director owned 80,000 shares in the company, valued at approximately C$596,800. This represents a 33.33% increase in their position. Insiders have bought 37,000 shares of company stock worth $266,850 in the last quarter. Corporate insiders own 34.90% of the company’s stock.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.