AirBoss of America Corp. (TSE:BOS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Jul 26, 2023

Shares of AirBoss of America Corp. (TSE:BOS - Get Free Report) have received a consensus rating of "Moderate Buy" from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$8.50.

A number of brokerages have recently weighed in on BOS. National Bankshares dropped their price target on AirBoss of America from C$11.00 to C$8.50 in a research report on Thursday, August 10th. CIBC dropped their price target on AirBoss of America from C$7.00 to C$6.00 in a research report on Friday, August 11th. Canaccord Genuity Group cut AirBoss of America from a "buy" rating to a "hold" rating and dropped their price target for the company from C$15.00 to C$6.50 in a research report on Friday, July 28th. TD Securities dropped their price target on AirBoss of America from C$8.50 to C$8.00 and set a "speculative buy" rating for the company in a research report on Friday, August 11th. Finally, Cormark raised their price target on AirBoss of America from C$5.25 to C$5.50 in a research report on Friday, August 11th.

Read Our Latest Research Report on AirBoss of America

AirBoss of America stock opened at C$4.63 on Friday. AirBoss of America has a one year low of C$4.50 and a one year high of C$14.73. The company has a debt-to-equity ratio of 66.67, a quick ratio of 1.07 and a current ratio of 2.44. The business has a fifty day moving average of C$5.87 and a two-hundred day moving average of C$7.12. The company has a market cap of C$125.61 million, a P/E ratio of -2.36, a price-to-earnings-growth ratio of -550.53 and a beta of 1.94.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date of this dividend is Thursday, September 28th. AirBoss of America's dividend payout ratio is presently -20.41%.

AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products in Canada, the United States, and internationally. It operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products. The AirBoss Defense Group segment develops, manufactures, and sells healthcare protective equipment, personal respiratory protective products, rapid deployment negative pressure isolation shelters, and cold weather combat footwear, as well as chemical, biological, radioactive, and nuclear and explosive protective equipment for military, law enforcement, healthcare and industrial providers, and first responders.

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