AirBoss of America (TSE:BOS) had its price objective boosted by CIBC from C$47.00 to C$49.00 in a report published on Tuesday, Analyst Price Targets reports. The brokerage currently has an outperform rating on the stock.
BOS has been the topic of a number of other research reports. TD Securities restated a hold rating and issued a C$44.00 price objective on shares of AirBoss of America in a report on Tuesday, March 30th. Canaccord Genuity increased their price objective on AirBoss of America from C$29.00 to C$51.00 and gave the stock a na rating in a report on Wednesday, March 17th.
TSE:BOS opened at C$34.03 on Tuesday. The stock’s 50 day moving average price is C$40.61 and its 200 day moving average price is C$25.16. AirBoss of America has a 52 week low of C$14.67 and a 52 week high of C$43.88. The company has a market capitalization of C$918.30 million and a P/E ratio of 18.20. The company has a debt-to-equity ratio of 44.42, a quick ratio of 1.52 and a current ratio of 2.09.
AirBoss of America (TSE:BOS) last released its quarterly earnings data on Tuesday, March 9th. The company reported C$0.77 EPS for the quarter, missing analysts’ consensus estimates of C$0.97 by C($0.20). The company had revenue of C$172.28 million during the quarter, compared to analysts’ expectations of C$199.68 million. As a group, sell-side analysts forecast that AirBoss of America will post 2.0899999 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, June 29th. This is an increase from AirBoss of America’s previous quarterly dividend of $0.07. AirBoss of America’s dividend payout ratio (DPR) is 11.44%.
In related news, Director Mary Matthews purchased 2,400 shares of the stock in a transaction on Friday, March 19th. The shares were bought at an average price of C$37.83 per share, for a total transaction of C$90,787.20. Following the completion of the acquisition, the director now directly owns 153,602 shares in the company, valued at approximately C$5,810,456.46. In the last quarter, insiders have acquired 8,290 shares of company stock worth $316,497.
About AirBoss of America
AirBoss of America Corp., through its subsidiaries, develops, manufactures, and markets rubber-based products for automotive, heavy commercial, construction and infrastructure, oil and gas, and defense industries in Canada and the United States. The company operates through three segments: Rubber Solutions, AirBoss Defense Group, and Engineered Products.
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