NFI Group (TSE:NFI) Releases Quarterly Earnings Results

NFI Group (TSE:NFI) announced its earnings results on Thursday. The company reported C$0.33 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.46 billion for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.

NFI Group Stock Down 1.0%

NFI stock opened at C$24.86 on Friday. The stock has a fifty day moving average of C$24.02 and a 200-day moving average of C$20.72. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.35. The company has a market capitalization of C$2.96 billion, a price-to-earnings ratio of -23.84, a PEG ratio of -0.07 and a beta of 0.16. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NFI shares. Stifel Nicolaus increased their price target on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce boosted their price objective on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. National Bank Financial upped their price objective on NFI Group from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Scotiabank raised their target price on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research report on Monday, May 11th. Finally, TD lifted their target price on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$25.38.

Insiders Place Their Bets

In other NFI Group news, insider Stephen King acquired 1,050 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the acquisition, the insider owned 5,512 shares in the company, valued at approximately C$131,461.20. This represents a 23.53% increase in their ownership of the stock. Also, Director John Christopher Sapp acquired 2,500 shares of NFI Group stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of C$20.66 per share, with a total value of C$51,650.00. Following the completion of the purchase, the director directly owned 20,653 shares in the company, valued at C$426,690.98. This represents a 13.77% increase in their position. Insiders purchased a total of 242,015 shares of company stock worth $5,025,732 in the last ninety days. 0.62% of the stock is owned by corporate insiders.

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¿.