BMO Capital Markets Cuts NFI Group (TSE:NFI) Price Target to C$17.00

NFI Group (TSE:NFI) had its price target lowered by BMO Capital Markets from C$18.00 to C$17.00 in a research report released on Monday morning,BayStreet.CA reports.

NFI has been the topic of several other research reports. National Bankshares cut their target price on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Scotiabank cut their price objective on shares of NFI Group from C$23.00 to C$22.00 in a report on Monday, September 29th. Finally, CIBC lowered their target price on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating for the company in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$21.67.

NFI Group Price Performance

NFI Group stock opened at C$13.40 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The company has a fifty day simple moving average of C$13.98 and a 200-day simple moving average of C$16.38. The stock has a market cap of C$1.60 billion, a P/E ratio of -5.50, a price-to-earnings-growth ratio of -0.07 and a beta of 0.65. NFI Group has a 12-month low of C$9.83 and a 12-month high of C$19.90.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. NFI Group had a negative return on equity of 3.45% and a negative net margin of 0.79%. Equities analysts expect that NFI Group will post 1.2814107 EPS for the current fiscal year.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.