NFI Group (TSE:NFI) Insider Acquires C$46,580.00 in Stock

NFI Group Inc. (TSE:NFI) insider Brian Keith Dewsnup purchased 2,000 shares of NFI Group stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average price of C$23.29 per share, for a total transaction of C$46,580.00. Following the completion of the acquisition, the insider owned 75,610 shares of the company’s stock, valued at approximately C$1,760,956.90. This trade represents a 2.72% increase in their position.

NFI Group Stock Up 1.6%

TSE:NFI opened at C$24.30 on Friday. NFI Group Inc. has a twelve month low of C$12.50 and a twelve month high of C$26.40. The stock has a fifty day simple moving average of C$24.33 and a 200-day simple moving average of C$21.65. The company has a market cap of C$2.90 billion, a price-to-earnings ratio of 53.62, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The company had revenue of C$1.46 billion during the quarter. Analysts anticipate that NFI Group Inc. will post 1.2814107 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NFI. Stifel Nicolaus boosted their price target on shares of NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a report on Monday, August 10th. TD boosted their price objective on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group upped their target price on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets increased their target price on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Scotiabank lifted their price target on NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$30.50.

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¿.