New Flyer Industries’ (NFI) Sector Perform Overweight Rating Reaffirmed at National Bank Financial

National Bank Financial restated their sector perform overweight rating on shares of New Flyer Industries (TSE:NFI) in a research note released on Monday morning. National Bank Financial also issued estimates for New Flyer Industries’ FY2017 earnings at $3.15 EPS, FY2018 earnings at $3.55 EPS and FY2019 earnings at $3.86 EPS.

Other analysts have also recently issued reports about the company. Scotiabank lowered their target price on New Flyer Industries from C$60.00 to C$59.00 and set an outperform rating on the stock in a research report on Friday, November 10th. TD Securities lowered their target price on New Flyer Industries from C$63.00 to C$61.00 and set a buy rating on the stock in a research report on Friday, November 10th. Finally, CIBC raised their target price on New Flyer Industries from C$59.00 to C$60.00 in a research report on Monday, December 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. New Flyer Industries currently has an average rating of Buy and an average target price of C$62.60.

Shares of New Flyer Industries (TSE NFI) opened at C$55.61 on Monday. The stock has a market capitalization of $3,460.00, a P/E ratio of 17.65 and a beta of 0.13. New Flyer Industries has a 1-year low of C$43.06 and a 1-year high of C$59.67.

In related news, insider Wayne Ray Joseph sold 2,849 shares of New Flyer Industries stock in a transaction on Friday, December 8th. The stock was sold at an average price of C$53.00, for a total value of C$150,997.00.

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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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