Could New Flyer Industries Inc Recover After Today’s Huge Decline?

 Could New Flyer Industries Inc Recover After Today's Huge Decline?

The stock of New Flyer Industries Inc (TSE:NFI) is a huge mover today! About 47,142 shares traded hands. New Flyer Industries Inc (TSE:NFI) has risen 7.54% since April 5, 2016 and is uptrending. It has outperformed by 2.76% the S&P500.
The move comes after 8 months negative chart setup for the $2.32B company. It was reported on Nov, 9 by Barchart.com. We have $34.78 PT which if reached, will make TSE:NFI worth $162.40M 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 $41.40 average target is 10.70% above today’s ($37.4) stock price. New Flyer Industries Inc. has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC upgraded New Flyer Industries Inc (TSE:NFI) on Friday, August 7 to “Sector Outperformer” rating. Scotia Capital maintained New Flyer Industries Inc (TSE:NFI) on Tuesday, October 25 with “Outperform” rating. The rating was maintained by Canaccord Genuity with “Buy” on Monday, August 10. The company was maintained on Friday, September 23 by Scotia Capital. The firm has “Outperform” rating by National Bank Canada given on Monday, August 10.

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

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