National Bank Financial Lowers New Flyer Industries (NFI) to Sector Perform

New Flyer Industries (TSE:NFI) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday. They currently have a C$61.00 price objective on the stock, down from their prior price objective of C$62.00. National Bank Financial’s price objective would indicate a potential upside of 11.11% from the stock’s current price.

NFI has been the subject of several other research reports. CIBC dropped their price objective on New Flyer Industries from C$61.00 to C$59.00 in a research note on Tuesday, October 17th. Scotiabank dropped their price objective on New Flyer Industries from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, TD Securities dropped their price objective on New Flyer Industries from C$63.00 to C$61.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$62.60.

Shares of New Flyer Industries (NFI) traded down C$1.69 during midday trading on Tuesday, hitting C$54.90. The stock had a trading volume of 140,747 shares, compared to its average volume of 161,646. The stock has a market capitalization of $3,560.00, a PE ratio of 17.46 and a beta of 0.13. New Flyer Industries has a one year low of C$43.06 and a one year high of C$59.67.

In related news, insider Wayne Ray Joseph sold 2,849 shares of New Flyer Industries stock in a transaction on Friday, December 8th. The stock was sold at an average price of C$53.00, for a total transaction of C$150,997.00.

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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.

Analyst Recommendations for New Flyer Industries (TSE:NFI)

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