NFI Group (TSE:NFI) Upgraded by Stifel Canada to Buy

Stifel Canada upgraded shares of NFI Group (TSE:NFI) from a hold rating to a buy rating in a report released on Monday morning, Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus raised shares of NFI Group from a hold rating to a buy rating and increased their price objective for the company from C$15.00 to C$18.00 in a research note on Monday. CIBC boosted their target price on shares of NFI Group from C$12.00 to C$12.50 and gave the company an underperform rating in a research note on Tuesday. BMO Capital Markets decreased their price target on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating on the stock in a research note on Friday, March 1st. National Bankshares reduced their price objective on shares of NFI Group from C$20.00 to C$19.00 and set an outperform rating on the stock in a research note on Monday. Finally, ATB Capital increased their price target on NFI Group from C$17.00 to C$18.00 and gave the stock an outperform rating in a research note on Monday. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, NFI Group currently has a consensus rating of Moderate Buy and a consensus price target of C$19.33.

NFI Group Trading Down 0.7 %

Shares of NFI Group stock opened at C$13.22 on Monday. The company has a 50-day moving average of C$11.93 and a two-hundred day moving average of C$12.72. NFI Group has a 12-month low of C$8.35 and a 12-month high of C$14.55. The company has a current ratio of 1.81, a quick ratio of 0.55 and a debt-to-equity ratio of 163.50. The stock has a market cap of C$1.57 billion, a PE ratio of -9.94, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) earnings per share for the quarter, beating the consensus estimate of C($0.28) by C$0.21. The firm had revenue of C$1.08 billion during the quarter, compared to the consensus estimate of C$1.21 billion. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. On average, research analysts anticipate that NFI Group will post 0.2266807 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard Paul Davies bought 2,570 shares of NFI Group stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In other NFI Group news, Director Richard Paul Davies bought 2,570 shares of NFI Group stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of C$13.17 per share, for a total transaction of C$33,846.90. Also, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of C$8.39 per share, with a total value of C$48,213.75. Insiders have purchased a total of 64,228 shares of company stock valued at $734,754 over the last quarter. Company insiders own 0.65% of the company’s stock.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.