AirBoss of America (TSE:BOS) Upgraded to Neutral at CIBC

AirBoss of America (TSE:BOS) was upgraded by equities research analysts at CIBC from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a C$5.00 price objective on the stock, up from their prior price objective of C$4.00. CIBC’s target price indicates a potential upside of 26.90% from the company’s current price.

Separately, TD Securities boosted their price target on shares of AirBoss of America from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th.

AirBoss of America Stock Performance

TSE:BOS traded up C$0.19 during mid-day trading on Wednesday, hitting C$3.94. The stock had a trading volume of 60,652 shares, compared to its average volume of 22,714. The stock has a market capitalization of C$106.89 million, a price-to-earnings ratio of -1.43, a P/E/G ratio of -550.53 and a beta of 2.05. The company has a 50 day simple moving average of C$4.55 and a 200-day simple moving average of C$5.01. AirBoss of America has a 52 week low of C$3.68 and a 52 week 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.

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.