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

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

A number of other brokerages have also issued reports on NFI. National Bank Financial lifted their target price on New Flyer Industries from C$61.00 to C$64.00 and gave the company a sector perform rating in a research report on Friday, March 23rd. Scotiabank lifted their target price on New Flyer Industries from C$63.00 to C$67.00 and gave the company an outperform rating in a research report on Friday, March 23rd. BMO Capital Markets lifted their target price on New Flyer Industries from C$57.00 to C$67.00 and gave the company a market perform rating in a research report on Friday, March 23rd. Finally, CIBC lifted their target price on New Flyer Industries from C$65.00 to C$66.00 in a research report on Friday, March 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of C$65.00.

Shares of New Flyer Industries opened at C$53.67 on Monday, MarketBeat reports. New Flyer Industries has a 52-week low of C$47.32 and a 52-week high of C$61.25.

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

In other New Flyer Industries news, Director Adam L. Gray sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of C$58.53, for a total transaction of C$93,648.00. Also, Director Adam L. Gray sold 138,229 shares of the business’s 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. Insiders have sold a total of 139,854 shares of company stock worth $8,170,449 in the last ninety days.

New Flyer Industries Company Profile

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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