AirBoss of America (TSE:BOS) Upgraded to Hold at Cibc World Mkts

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

A number of other analysts have also recently commented on the company. TD Securities boosted their price objective on AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. CIBC upgraded AirBoss of America from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from C$4.00 to C$5.00 in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$6.19.

AirBoss of America Stock Up 4.9 %

AirBoss of America stock opened at C$4.25 on Wednesday. The stock has a market capitalization of C$115.30 million, a PE ratio of -1.55, 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$3.68 and a 12 month high of C$6.31. The business has a 50 day simple moving average of C$4.50 and a 200-day simple moving average of C$4.98. The company has a debt-to-equity ratio of 92.36, a current ratio of 2.17 and a quick ratio of 1.07.

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.