Cibc World Mkts Upgrades AirBoss of America (TSE:BOS) to “Hold”

Cibc World Mkts upgraded shares of AirBoss of America (TSE:BOS) from a strong sell rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other research firms also recently commented on BOS. TD Securities upped their price objective on shares of 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. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and lifted their price target for the company from C$4.00 to C$5.00 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$6.19.

AirBoss of America Trading Down 3.3 %

Shares of AirBoss of America stock opened at C$4.11 on Wednesday. The firm has a market cap of C$111.50 million, a PE ratio of -1.50, a P/E/G ratio of -550.53 and a beta of 2.05. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36. AirBoss of America has a fifty-two week low of C$3.68 and a fifty-two week high of C$6.31. The business’s fifty day moving average is C$4.47 and its two-hundred day moving average is C$4.97.

Insiders Place Their Bets

In other AirBoss of America news, Senior Officer Franco Ientile bought 10,000 shares of the stock in a transaction dated 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.

About AirBoss of America

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.