Insider Selling: New Flyer Industries Inc (NFI) Director Sells 1,600 Shares of Stock

New Flyer Industries Inc (TSE:NFI) Director Adam L. Gray sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of C$58.53, for a total transaction of C$93,648.00.

TSE NFI opened at C$58.56 on Friday. New Flyer Industries Inc has a one year low of C$47.32 and a one year high of C$61.25.

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New Flyer Industries (TSE:NFI) last posted its earnings results on Wednesday, March 21st. The company reported C$1.54 EPS for the quarter, beating analysts’ consensus estimates of C$0.87 by C$0.67. The business had revenue of C$831.39 million for the quarter, compared to analysts’ expectations of C$814.00 million.

Several research analysts recently commented on NFI shares. TD Securities raised their price target on shares of New Flyer Industries from C$61.00 to C$62.00 in a research note on Monday, December 4th. CIBC raised their price target on shares of New Flyer Industries from C$59.00 to C$60.00 in a research note on Monday, December 4th. BMO Capital Markets raised their price target on shares of New Flyer Industries from C$57.00 to C$67.00 and gave the stock a “market perform” rating in a research note on Friday, March 23rd. Scotiabank raised their price target on shares of New Flyer Industries from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, March 23rd. Finally, National Bank Financial downgraded shares of New Flyer Industries from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$62.00 to C$61.00 in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. New Flyer Industries has an average rating of “Buy” and a consensus price target of C$66.40.

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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.

Insider Buying and Selling by Quarter for New Flyer Industries (TSE:NFI)

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