New Flyer Industries (NFI) Given New C$66.00 Price Target at TD Securities

New Flyer Industries (TSE:NFI) had its price objective lowered by TD Securities from C$68.00 to C$66.00 in a research report report published on Monday morning. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on NFI. CIBC increased their price target on New Flyer Industries from C$63.00 to C$65.00 and gave the company an outperform rating in a report on Friday, February 2nd. National Bank Financial cut New Flyer Industries from an outperform rating to a sector perform rating and cut their price target for the company from C$62.00 to C$61.00 in a report on Tuesday, February 13th. BMO Capital Markets increased their price target on New Flyer Industries from C$57.00 to C$67.00 and gave the company a market perform rating in a report on Friday, March 23rd. Finally, Scotiabank increased their price target on New Flyer Industries from C$63.00 to C$67.00 and gave the company an outperform rating in a report on Friday, March 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of C$65.00.

Shares of New Flyer Industries stock opened at C$55.49 on Monday. New Flyer Industries has a 12 month low of C$47.32 and a 12 month high of C$61.25.

New Flyer Industries (TSE:NFI) last posted its quarterly earnings results on Wednesday, March 21st. The company reported C$1.54 EPS for the quarter, beating the consensus estimate of C$0.87 by C$0.67. The company had revenue of C$831.39 million during the quarter, compared to analyst estimates of C$814.00 million.

In related news, Director Adam L. Gray sold 138,229 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of C$58.42, for a total value of C$8,075,338.18. Also, Director Adam L. Gray sold 1,600 shares of the stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of C$58.53, for a total value of C$93,648.00. In the last ninety days, insiders sold 139,854 shares of company stock valued at $8,170,449.

About New Flyer Industries

New Flyer Industries Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations.

Analyst Recommendations for New Flyer Industries (TSE:NFI)

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