TD Securities downgraded shares of NFI Group (TSE:NFI) from a buy rating to a hold rating in a research note released on Monday morning, Price Targets.com reports. TD Securities currently has C$31.00 price objective on the stock, down from their previous price objective of C$35.00.
Several other analysts have also recently commented on NFI. CIBC lowered their target price on NFI Group from C$34.00 to C$30.00 and set a neutral rating on the stock in a research report on Monday. ATB Capital lowered their target price on NFI Group from C$38.00 to C$34.00 and set an outperform rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, NFI Group presently has a consensus rating of Hold and an average price target of C$31.80.
NFI opened at C$24.57 on Monday. NFI Group has a 12 month low of C$14.97 and a 12 month high of C$32.74. The company has a debt-to-equity ratio of 139.86, a current ratio of 1.71 and a quick ratio of 0.67. The stock has a market cap of C$1.74 billion and a P/E ratio of -184.74. The stock’s 50 day moving average price is C$28.98 and its 200 day moving average price is C$27.95.
NFI Group Company Profile
NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the name Alexander Dennis Limited; motor coaches under Plaxton and MCI names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts name.
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