New Flyer Industries Inc (NFI) Receives “Market Perform” Rating from BMO Capital Markets
BMO Capital Markets reaffirmed their market perform rating on shares of New Flyer Industries Inc (TSE:NFI) in a research report released on Friday. BMO Capital Markets currently has a C$57.00 price objective on the stock.
NFI has been the subject of several other reports. TD Securities raised their price objective on shares of New Flyer Industries from C$62.00 to C$63.00 and gave the stock a buy rating in a report on Friday, July 14th. Scotiabank lifted their target price on shares of 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.
New Flyer Industries (NFI) opened at 50.49 on Friday. The company has a market capitalization of $3.18 billion and a P/E ratio of 21.15. The company’s 50 day moving average price is $52.52 and its 200-day moving average price is $50.86. New Flyer Industries has a 12-month low of $36.25 and a 12-month high of $57.70.
In related news, Director Adam L. Gray sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of C$56.06, for a total transaction of C$4,484,800.00. Also, insider Carl Glenn Asham sold 34,725 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of C$56.59, for a total transaction of C$1,965,087.75. Insiders have sold 348,625 shares of company stock valued at $19,528,146 over 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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