AirBoss of America (TSE:BOS) Upgraded at CIBC

CIBC upgraded shares of AirBoss of America (TSE:BOS) from an underperform rating to a neutral rating in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has C$5.00 target price on the stock, up from their prior target price of C$4.00.

Separately, TD Securities increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, AirBoss of America has a consensus rating of “Hold” and a consensus target price of C$6.19.

AirBoss of America Stock Down 3.3 %

TSE BOS opened at C$4.11 on Wednesday. The business has a fifty day moving average price of C$4.47 and a 200 day moving average price of C$4.97. AirBoss of America has a one year low of C$3.68 and a one year high of C$6.31. The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. The company has a market cap of C$111.50 million, a P/E ratio of -1.50, a P/E/G ratio of -550.53 and a beta of 2.05.

Insider Buying and Selling at AirBoss of America

In related news, Senior Officer Franco Ientile bought 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of C$4.27 per share, for a total transaction of C$42,739.00. 34.90% of the stock is owned by company insiders.

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.