New Flyer Industries Inc. (NFI) Price Target Cut to C$59.00

New Flyer Industries Inc. (TSE:NFI) had its price objective decreased by equities research analysts at Scotiabank from C$60.00 to C$59.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 17.95% from the stock’s current price.

Several other equities analysts have also issued reports on NFI. TD Securities raised their price objective on New Flyer Industries from C$62.00 to C$63.00 and gave the stock a “buy” rating in a report on Friday, July 14th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$57.00 price objective on shares of New Flyer Industries in a report on Friday, August 25th. Finally, CIBC dropped their price objective on New Flyer Industries from C$61.00 to C$59.00 in a report on Tuesday, October 17th.

New Flyer Industries (TSE:NFI) opened at C$50.02 on Friday. New Flyer Industries has a twelve month low of C$37.25 and a twelve month high of C$57.70.

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In related news, Director Vincent James Sardo sold 1,700 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$54.31, for a total transaction of C$92,327.00. Also, insider Wayne Ray Joseph sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$51.00, for a total value of C$255,000.00. In the last three months, insiders have sold 42,500 shares of company stock worth $2,174,373.

New Flyer Industries Company Profile

New Flyer Industries Inc manufactures and sells transit buses and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Coach Manufacturing Operations, and Aftermarket Operations. The company also distributes parts with fabrication, manufacturing, distribution, and service centers.

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