Insider Selling: New Flyer Industries (TSE:NFI) Director Sells 138,229 Shares of Stock

New Flyer Industries (TSE:NFI) Director Adam L. Gray sold 138,229 shares of New Flyer Industries stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of C$58.42, for a total transaction of C$8,075,338.18.

NFI stock traded down C$0.91 on Tuesday, hitting C$58.60. The company’s stock had a trading volume of 134,500 shares, compared to its average volume of 143,835. New Flyer Industries has a 1 year low of C$47.32 and a 1 year high of C$61.25.

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

A number of research analysts recently weighed in on the stock. National Bank Financial lifted their price objective on shares of New Flyer Industries from C$61.00 to C$64.00 and gave the company a “sector perform” rating in a report on Friday, March 23rd. Scotiabank lifted their price target on shares of New Flyer Industries from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. TD Securities lifted their price target on shares of New Flyer Industries from C$65.00 to C$67.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. CIBC lifted their price target on shares of New Flyer Industries from C$65.00 to C$66.00 in a research note on Friday, March 23rd. Finally, BMO Capital Markets lifted 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$66.40.

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About New Flyer Industries

New Flyer Industries Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations.

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

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