New Flyer Industries (NFI) Price Target Raised to C$64.00 at National Bank Financial
New Flyer Industries (TSE:NFI) had its target price lifted by National Bank Financial from C$61.00 to C$64.00 in a report issued on Friday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 5.32% from the company’s previous close.
Several other analysts have also weighed in on the company. BMO Capital Markets boosted their price objective on New Flyer Industries from C$57.00 to C$67.00 and gave the company a “market perform” rating in a report on Friday. TD Securities boosted their price objective on New Flyer Industries from C$67.00 to C$68.00 in a report on Friday. CIBC boosted their price objective on New Flyer Industries from C$63.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Scotiabank boosted their price objective on New Flyer Industries from C$60.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$66.40.
Shares of New Flyer Industries (NFI) traded up C$0.27 during midday trading on Friday, hitting C$60.77. The stock had a trading volume of 107,828 shares, compared to its average volume of 145,908. New Flyer Industries has a twelve month low of C$46.01 and a twelve month high of C$61.25. The stock has a market capitalization of $3,650.00, a price-to-earnings ratio of 19.29 and a beta of 0.18.
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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