New Flyer Industries Received its Third Buy in a Row

By Jason Carr

New Flyer Industries (TSX: NFI), has been popular among analysts lately with several positive ratings in a row that it received in the past month alone. Analyst Chris Murray from AltaCorp Captial remains bullish on the stock and has a C$70 price target.

Murray has an average return of 26.7% when recommending New Flyer Industries.

According to, Murray is ranked #280 out of 4739 analysts.

Currently, the analyst consensus on New Flyer Industries is Strong Buy and the average price target is C$65.50, representing a 15.8% upside.

In a report issued on January 3, CIBC also reiterated a Buy rating on the stock with a C$63 price target.

The company has a one-year high of C$57.70 and a one-year low of C$39.90. Currently, New Flyer Industries has an average volume of 178.6K.

The company’s shares closed on Thursday at C$56.58, close to its 52-week high of C$57.70.