NFI Group (TSE:NFI) Price Target Raised to C$26.00

NFI Group (TSE:NFI) had its target price raised by analysts at TD from C$25.00 to C$26.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price points to a potential upside of 26.71% from the stock’s previous close.

Several other brokerages also recently weighed in on NFI. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. Scotiabank boosted their price target on shares of NFI Group from C$22.00 to C$24.50 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. ATB Cormark Capital Markets boosted their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. National Bank Financial lowered their price target on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Finally, Stifel Nicolaus boosted their price target on shares of NFI Group from C$23.00 to C$25.50 and gave the stock a “buy” rating in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, NFI Group presently has an average rating of “Buy” and a consensus target price of C$24.06.

NFI Group Stock Down 4.1%

NFI traded down C$0.88 during trading hours on Monday, hitting C$20.52. 336,690 shares of the company’s stock were exchanged, compared to its average volume of 357,448. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$21.98. The firm has a 50 day moving average of C$19.01 and a 200 day moving average of C$16.60. The firm has a market cap of C$2.44 billion, a P/E ratio of -17.19, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05.

NFI Group (TSE:NFI) last announced its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The firm had revenue of C$1.17 billion for the quarter. Analysts predict that NFI Group will post 1.2814107 EPS for the current fiscal year.

NFI Group Company Profile

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¿.