Analysts Set NFI Group Inc. (TSE:NFI) Price Target at C$21.67

Shares of NFI Group Inc. (TSE:NFI) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$21.67.

Several equities analysts have commented on NFI shares. National Bankshares lowered their price objective on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. BMO Capital Markets cut their target price on shares of NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. CIBC dropped their price objective on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Finally, Scotiabank cut their price objective on NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th.

NFI Group Stock Down 3.8%

NFI stock opened at C$16.62 on Thursday. NFI Group has a twelve month low of C$9.83 and a twelve month high of C$19.90. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The firm has a market capitalization of C$1.98 billion, a PE ratio of -6.82, a PEG ratio of -0.07 and a beta of 0.60. The stock has a 50-day simple moving average of C$14.56 and a two-hundred day simple moving average of C$16.28.

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

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.