New Flyer Industries Inc (TSE:NFI) had its target price lowered by CIBC from C$61.00 to C$59.00 in a research note issued to investors on Tuesday.

A number of other brokerages also recently weighed in on NFI. TD Securities lifted their price target on New Flyer Industries from C$62.00 to C$63.00 and gave the company a buy rating in a report on Friday, July 14th. Scotiabank lifted their price target on New Flyer Industries from C$59.00 to C$60.00 and gave the company an outperform rating in a report on Friday, August 11th. Finally, BMO Capital Markets reiterated a market perform rating and set a C$57.00 price target on shares of New Flyer Industries in a report on Friday, August 25th.

New Flyer Industries (TSE NFI) opened at 53.30 on Tuesday. The company’s 50-day moving average price is $51.38 and its 200 day moving average price is $52.67. The stock has a market capitalization of $3.35 billion and a P/E ratio of 22.33. New Flyer Industries has a 52-week low of $36.25 and a 52-week high of $57.70.

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In other New Flyer Industries news, insider Paul Warren Dennis Smith sold 20,300 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of C$51.11, for a total value of C$1,037,533.00. Also, Director Vincent James Sardo sold 1,700 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$54.31, for a total value of C$92,327.00. Insiders have sold 42,500 shares of company stock worth $2,174,373 in the last quarter.

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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