New Flyer Industries (NFI) Stock Rating Reaffirmed by National Bank Financial

National Bank Financial restated their sector perform overweight rating on shares of New Flyer Industries (TSE:NFI) in a research report report published on Monday. 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.

NFI has been the topic of several other reports. Scotiabank upped their target price on shares of New Flyer Industries from C$59.00 to C$60.00 and gave the stock an outperform rating in a research note on Monday, December 4th. CIBC cut their target price on shares of New Flyer Industries from C$61.00 to C$59.00 in a research note on Tuesday, October 17th. Finally, TD Securities upped their target price on shares of New Flyer Industries from C$65.00 to C$67.00 and gave the stock a buy rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. New Flyer Industries currently has a consensus rating of Buy and a consensus target price of C$62.60.

Shares of New Flyer Industries (NFI) opened at C$56.62 on Monday. New Flyer Industries has a 52 week low of C$43.06 and a 52 week high of C$59.67. The firm has a market cap of $3,460.00, a P/E ratio of 17.97 and a beta of 0.13.

In related news, insider Wayne Ray Joseph sold 2,849 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of C$53.00, for a total transaction of C$150,997.00.

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About New Flyer Industries

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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