CIBC Issues Pessimistic Forecast for AirBoss of America (TSE:BOS) Stock Price

AirBoss of America (TSE:BOS) had its target price dropped by equities research analysts at CIBC from C$5.00 to C$4.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential downside of 3.38% from the stock’s current price.

A number of other research analysts have also recently commented on BOS. TD Securities raised their target price on AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. National Bankshares lowered their price objective on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a research report on Tuesday, July 16th.

AirBoss of America Stock Up 3.2 %

Shares of TSE BOS opened at C$4.14 on Friday. The firm has a fifty day simple moving average of C$4.85 and a two-hundred day simple moving average of C$5.21. AirBoss of America has a 12 month low of C$3.65 and a 12 month high of C$6.31. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 92.36. The firm has a market capitalization of C$112.32 million, a PE ratio of -1.51, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05.

AirBoss of America (TSE:BOS) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$130.48 million during the quarter, compared to the consensus estimate of C$142.42 million. Equities analysts expect that AirBoss of America will post 0.1012935 earnings per share for the current year.

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.