After Today’s Huge Decline, Is New Flyer Industries Inc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is New Flyer Industries Inc's Near Term Analysis Negative?

The stock of New Flyer Industries Inc (TSE:NFI) is a huge mover today! About 27,411 shares traded hands. New Flyer Industries Inc (TSE:NFI) has risen 15.19% since April 27, 2016 and is uptrending. It has outperformed by 9.27% the S&P500.
The move comes after 6 months negative chart setup for the $2.58 billion company. It was reported on Dec, 1 by Barchart.com. We have $40.42 PT which if reached, will make TSE:NFI worth $77.40M 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 -0.65% below today’s ($41.67) stock price. New Flyer Industries Inc. has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by National Bank Canada on Monday, August 10 with “Outperform”. Canaccord Genuity maintained New Flyer Industries Inc (TSE:NFI) rating on Monday, August 10. Canaccord Genuity has “Buy” rating and $21 price target. The stock has “Sector Outperformer” rating given by IBC on Friday, August 7. The rating was maintained by Scotia Capital with “Outperform” on Friday, September 23. The firm has “Outperform” rating given on Tuesday, October 25 by Scotia Capital.

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: 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 Seekingalpha.com‘s news article titled: “New Flyer Industries – Riding Its Way To A Higher Share Price” with publication date: October 24, 2016.

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