Adam Gray Buys 156,600 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) Director Adam Gray acquired 156,600 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the completion of the purchase, the director directly owned 25,526,215 shares of the company’s stock, valued at approximately C$528,137,388.35. The trade was a 0.62% increase in their position.

NFI Group Price Performance

NFI Group stock traded up C$0.11 during trading hours on Tuesday, hitting C$22.96. 179,932 shares of the stock were exchanged, compared to its average volume of 349,960. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25. The stock has a market capitalization of C$2.73 billion, a P/E ratio of -22.02, a P/E/G ratio of -0.07 and a beta of 0.01. NFI Group Inc. has a 12 month low of C$12.50 and a 12 month high of C$23.00. The business’s 50-day moving average is C$20.16 and its two-hundred day moving average is C$17.25.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. ATB Cormark Capital Markets upped their target price on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. National Bank Financial upped their target price on shares of NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, TD upped their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$25.00.

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¿.