Pi Financial Trims AirBoss of America (TSE:BOS) Target Price to C$34.00

AirBoss of America (TSE:BOSGet Rating) had its target price cut by stock analysts at Pi Financial to C$34.00 in a note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has a “na” rating on the stock. Pi Financial’s price target would suggest a potential upside of 114.24% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. National Bankshares assumed coverage on shares of AirBoss of America in a research note on Friday, June 10th. They issued a “buy” rating and a C$38.00 price objective on the stock. Canaccord Genuity Group reduced their price target on shares of AirBoss of America from C$51.00 to C$35.50 in a research report on Friday, May 13th. TD Securities reduced their price target on shares of 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, May 13th. Cormark reduced their price target on shares of AirBoss of America from C$54.00 to C$51.00 in a research report on Thursday, March 10th. Finally, CIBC reduced their price target on shares of AirBoss of America from C$37.00 to C$32.00 in a research report on Friday, June 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AirBoss of America presently has an average rating of “Buy” and a consensus price target of C$40.36.

BOS stock traded up C$0.77 during midday trading on Friday, reaching C$15.87. The company’s stock had a trading volume of 266,500 shares, compared to its average volume of 102,121. AirBoss of America has a 52 week low of C$14.96 and a 52 week high of C$47.00. The stock has a market cap of C$429.95 million and a PE ratio of 7.16. The company has a quick ratio of 1.25, a current ratio of 2.45 and a debt-to-equity ratio of 51.39. The business’s 50-day simple moving average is C$24.18 and its 200-day simple moving average is C$33.49.

AirBoss of America (TSE:BOSGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.54 by C($0.11). The business had revenue of C$183.01 million for the quarter, compared to analysts’ expectations of C$221.17 million. As a group, equities analysts forecast that AirBoss of America will post 2.5799999 earnings per share for the current fiscal year.

In related news, Director Peter Grenville Schoch bought 13,000 shares of AirBoss of America stock in a transaction that occurred on Thursday, June 16th. The stock was acquired at an average price of C$15.60 per share, with a total value of C$202,800.00. Following the acquisition, the director now owns 4,817,077 shares of the company’s stock, valued at approximately C$75,146,401.20.

AirBoss of America Company Profile (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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