Shares of New Flyer Industries (NFI) were revisited by a Wall Street analyst today. Analyst Daryl Young from TD Securities remains bullish on the stock and has a C$46 price target.
According to TipRanks.com, Young is ranked #4394 out of 5149 analysts.
New Flyer Industries has an analyst consensus of Strong Buy, with a price target consensus of C$52.17, a 79.5% upside from current levels. In a report issued on January 2, CIBC also maintained a Buy rating on the stock with a C$48 price target.
.
Based on New Flyer Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$48.4 million. In comparison, last year the company had a net profit of C$96.77 million.
NFI Group, Inc. engages in bus and motor coach manufacturing and parts distributing. It operates through the Bus and Coach Manufacturing and Aftermarket Operations segments. The Bus and Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses of body lengths with propulsion systems.
The company’s shares closed on Wednesday at C$29.05.
