Today, CIBC Cuts New Flyer Industries Inc (NFI) Price Target to C$50.00

Today, CIBC Cuts New Flyer Industries Inc (NFI) Price Target to C$50.00

New Flyer Industries Inc (TSE:NFI) had its target price cut by CIBC from C$51.00 to C$50.00 in a research note issued on Tuesday. CIBC’s price objective would indicate a potential upside of 32.17% from the company’s previous close.

Several other analysts have also recently commented on NFI. BMO Capital Markets upped their target price on New Flyer Industries from C$45.00 to C$47.00 and gave the company a “market perform” rating in a report on Friday, August 12th. National Bank Financial upped their target price on New Flyer Industries from C$34.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, June 24th. Finally, Scotiabank reiterated an “outperform” rating and issued a C$50.00 target price on shares of New Flyer Industries in a report on Wednesday, September 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. New Flyer Industries has a consensus rating of “Buy” and an average price target of C$41.20.

New Flyer Industries (TSE:NFI) traded up 1.72% during midday trading on Tuesday, hitting $38.48. 306,639 shares of the stock traded hands. New Flyer Industries has a 12-month low of $18.04 and a 12-month high of $44.87. The firm’s 50 day moving average is $41.40 and its 200-day moving average is $40.19. The stock has a market capitalization of $2.30 billion and a PE ratio of 25.18.

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