Is Selling New Flyer Industries Inc Here a Winning Strategy?

 Is Selling New Flyer Industries Inc Here a Winning Strategy?

The stock of New Flyer Industries Inc (TSE:NFI) is a huge mover today! About 193,875 shares traded hands. New Flyer Industries Inc (TSE:NFI) has risen 42.90% since March 10, 2016 and is uptrending. It has outperformed by 37.29% the S&P500.
The move comes after 7 months negative chart setup for the $2.44B company. It was reported on Oct, 17 by Barchart.com. We have $35.64 PT which if reached, will make TSE:NFI worth $122.00M less.

New Flyer Industries Inc (TSE:NFI) Ratings Coverage

Out of 3 analysts covering New Flyer Industries Inc. (TSE:NFI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $51 is the highest target while $17 is the lowest. The $41.60 average target is 10.87% above today’s ($37.52) stock price. New Flyer Industries Inc. has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of New Flyer Industries Inc (TSE:NFI) has “Outperform” rating given on Monday, August 10 by National Bank Canada. IBC upgraded New Flyer Industries Inc (TSE:NFI) rating on Friday, August 7. IBC has “Sector Outperformer” rating and $19.50 price target. The company was maintained on Monday, August 10 by Canaccord Genuity. The firm earned “Outperform” rating on Friday, September 23 by Scotia Capital.

More notable recent New Flyer Industries Inc (TSE:NFI) news were published by: Forbes.com which released: “New Flyer Industries (NFI) Shares Cross 7% Yield Mark” on September 23, 2016, also Theglobeandmail.com with their article: “The Globe and Mail” published on August 23, 2011, Theglobeandmail.com published: “Hold off on buying shares in New Flyer Industries” on November 02, 2015. More interesting news about New Flyer Industries Inc (TSE:NFI) were released by: Fool.ca and their article: “Why Did New Flyer Industries Inc. Hit All-Time Highs Last Week?” published on March 14, 2016 as well as Marketwired.com‘s news article titled: “Marcopolo Sells a Portion of its Shares in New Flyer, Remaining New Flyer’s …” with publication date: September 22, 2016.

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