New Flyer Industries Rating Increased to Buy at Canaccord Genuity (NFI)
New Flyer Industries (TSE:NFI) was upgraded by investment analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm currently has a C$14.00 price objective on the stock, up from their previous price objective of C$12.00. Canaccord Genuity’s target price would suggest a potential upside of 6.30% from the company’s current price.
New Flyer Industries (TSE:NFI) traded up 1.21% during mid-day trading on Thursday, hitting $13.33. 112,535 shares of the company’s stock traded hands. New Flyer Industries has a one year low of $9.84 and a one year high of $13.17. The stock has a 50-day moving average of $12.57 and a 200-day moving average of $11.77. The company has a market cap of $791.6 million and a price-to-earnings ratio of 23.11.
New Flyer Industries (TSE:NFI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.09. Analysts expect that New Flyer Industries will post $0.72 EPS for the current fiscal year.
The company also recently declared a Monthly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.0488 per share. This represents a yield of 4.58%. The ex-dividend date of this dividend is Tuesday, July 29th.
Separately, analysts at CIBC raised their price target on shares of New Flyer Industries from C$13.00 to C$14.00 in a research note on Thursday. They now have a “sector perform” rating on the stock.
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