TD Securities Has Lowered Expectations for AirBoss of America (TSE:BOS) Stock Price

AirBoss of America (TSE:BOS) had its target price decreased by analysts at TD Securities from C$8.00 to C$7.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 89.70% from the company’s previous close.

A number of other research firms also recently commented on BOS. Cibc World Mkts upgraded shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 4th. National Bankshares dropped their price objective on shares of AirBoss of America from C$5.75 to C$5.00 and set a “sector perform” rating for the company in a report on Tuesday, March 11th. Finally, CIBC reduced their target price on shares of AirBoss of America from C$5.00 to C$4.75 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th.

AirBoss of America Price Performance

Shares of BOS traded down C$0.04 during trading hours on Tuesday, hitting C$3.69. 4,707 shares of the stock were exchanged, compared to its average volume of 26,578. The stock’s 50-day moving average price is C$3.96 and its two-hundred day moving average price is C$4.27. The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23. The company has a market cap of C$67.13 million, a price-to-earnings ratio of -1.25, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. AirBoss of America has a 12-month low of C$3.64 and a 12-month high of C$6.31.

About AirBoss of America

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals.