AirBoss of America Corp. (TSE:BOS), a Canadian rubber-based product manufacturer, has received mixed analyst ratings. Five research firms cover the company, with one analyst rating the stock as a sell, two giving a hold rating, and two giving a buy rating. The average twelve-month price target is C$5.88. The stock has a market cap of C$140.53 million and a P/E ratio of 16.71. AirBoss of America Corp. operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products. [d7b5a4cc]
In the latest news, AirBoss of America (TSE:BOS) has been downgraded by Pi Financial from a "buy" rating to a "neutral" rating. Pi Financial also issued estimates for AirBoss of America's FY2024 earnings at $0.28 EPS. The company now has a consensus rating of "Hold" and a consensus price target of C$5.88. [9f899b17]
Bombardier, a Canada-based aviation company, has reported strong financial performance with increased revenue and net income in the third quarter of 2023. The company has a worldwide fleet of 5,000 aircraft and serves various clients. It has a high liquidity position and aims to lower its debt-to-EBITDA ratio by 2025. Analysts expect the stock's earnings to improve in the coming years, making it an attractive investment option. [0fb646cc]
Financial markets have weakened due to the strength of North American economies and the expectation of higher interest rates. The consumer is running out of steam, but other parts of the economy, such as infrastructure spending, are in better shape. Goodreid recommends Booking Holdings, Chubb, and Dana as investment opportunities. Booking is well-positioned to capture post-COVID travel dollars, Chubb benefits from higher rates, and Dana is a strong player in the EV revolution. The global sell-off in bonds indicates acceptance of higher interest rates. [ae148b81]
Laurentian Bank's stock drops after analyst downgrades rating, General Motors delays plant conversion, retail sales increase, climate protesters disrupt energy conference, Canadian businesses urged to prioritize climate risk, and more. [754297aa]
ICICI Securities has a positive outlook on cyclical sectors of the economy, where there is robust growth and the prices are not as high as the more defensive sectors. Investments in capital expenditure, the real estate market, and consumer spending are showing improvements. The flight of money to safe havens will only occur when there is a recession in developed markets. The cycle of increasing interest rates might have come to an end. According to ICICI Securities, the U.S. bond yields rose to a 15-year peak. The outlook for global growth remains vulnerable to the Euro area and China. [bf142be4]
The Bank of Canada may raise interest rates in the future, presenting an opportunity for Canadians to invest in traditional cash instruments like Guaranteed Investment Certificates (GICs) with attractive rates. GICs offer safety but come with a lock-up period. An alternative is the CSAV ETF, which provides liquidity and invests in high-interest savings accounts across major Canadian banks. The ETF currently delivers a net yield of 5.17% and offers monthly payments for a consistent income stream. [9a96af8f]
The Canadian Securities Administrators (CSA) warns investors about red flags that could indicate investment scams. These include exclusive investment offers, pitches targeted specifically at individuals, and claims of insider information. The CSA advises investors to be cautious of high-return investments, as they often come with higher risks. Fraudsters may pressure investors to start with a small investment and then ask for larger amounts later. The CSA also cautions against individuals who encourage avoiding financial institutions or subverting the government, as they may be involved in illegal activities. Legitimate investments require proper documentation and statements, including a prospectus that outlines the investment details and risks. Canadian investors are advised to be wary of firms or individuals from outside the country and to verify their registration using the online National Registration Search (NRS) on the CSA website. If investors receive unsuitable advice or unauthorized trades, they can take steps to recover their money, including escalating complaints to the Ombudsman for Banking Services and Investments (OBSI) or filing with internal arbitration programs of relevant regulatory organizations. [aa8cacca]