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TD Securities Keeps Their Hold Rating on Airboss of America (BOS)


Airboss of America (BOS), the Conglomerates sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Tim James from TD Securities reiterated a Hold rating, with a C$13.50 price target.

James has an average return of 6.4% when recommending Airboss of America.

According to TipRanks.com, James is ranked #1399 out of 4912 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Airboss of America with a C$13.83 average price target, implying a 32.1% upside from current levels. In a report released today, CIBC also maintained a Hold rating on the stock with a C$12 price target.

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Based on Airboss of America’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$1.76 million. In comparison, last year the company had a net profit of C$3.51 million.

AirBoss of America Corp. develops, manufactures and sells rubber compounds. It operates through the following segments: Rubber Compounding, AirBoss Engineered Products, AirBoss-Defense Inc. and Immediate Response Technologies, LLC (AEP), Automotive, and Corporate.

The company’s shares closed on Friday at C$10.47, close to its 52-week low of C$9.96.