New Flyer Industries Inc (NFI) to Post FY2017 Earnings of $3.15 Per Share, National Bank Financial Forecasts

New Flyer Industries Inc (TSE:NFI) – Analysts at National Bank Financial issued their FY2017 earnings estimates for shares of New Flyer Industries in a research report issued to clients and investors on Monday. National Bank Financial analyst C. Doerksen forecasts that the company will post earnings of $3.15 per share for the year. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. National Bank Financial also issued estimates for New Flyer Industries’ FY2018 earnings at $3.55 EPS and FY2019 earnings at $3.86 EPS.

Other research analysts have also recently issued research reports about the company. TD Securities lifted their target price on New Flyer Industries from C$61.00 to C$62.00 in a research report on Monday, December 4th. CIBC lifted their target price on New Flyer Industries from C$59.00 to C$60.00 in a research report on Monday, December 4th. Finally, Scotiabank lifted their target price on New Flyer Industries from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$62.60.

New Flyer Industries (TSE:NFI) opened at C$55.61 on Thursday. The stock has a market capitalization of $3,460.00, a P/E ratio of 17.65 and a beta of 0.13. New Flyer Industries has a 1 year low of C$43.06 and a 1 year high of C$59.67.

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

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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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