NFI Group (TSE:NFI) Stock Gets Price Target Cut from TD

NFI Group (TSE:NFI) had its price objective reduced by stock analysts at TD from C$33.00 to C$32.00 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD‘s price objective indicates a potential upside of 27.24% from the stock’s previous close.

A number of other research analysts also recently weighed in on NFI. Scotiabank set a C$28.50 price target on NFI Group and gave the company a “sector outperform” rating in a research note on Thursday, October 15th. ATB Cormark Capital Markets upped their price target on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. National Bank Financial lifted their price objective on shares of NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Canaccord Genuity Group increased their price target on NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, BMO Capital Markets increased their target price on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat.com, NFI Group currently has a consensus rating of “Buy” and an average price target of C$30.39.

NFI Group Stock Down 1.6%

Shares of TSE:NFI traded down C$0.42 during trading on Wednesday, hitting C$25.15. 135,601 shares of the company’s stock traded hands, compared to its average volume of 301,531. NFI Group has a 52 week low of C$12.50 and a 52 week high of C$26.40. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. The company has a market cap of C$3.00 billion, a price-to-earnings ratio of 55.49, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. The company has a 50-day moving average price of C$24.20 and a 200-day moving average price of C$21.59.

NFI Group (TSE:NFI) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. The company had revenue of C$1.46 billion for the quarter. As a group, research analysts forecast that NFI Group will post 1.28 EPS for the current fiscal year.

Insider Activity at NFI Group

In other news, Director John Christopher Sapp acquired 1,900 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the completion of the transaction, the director directly owned 27,243 shares of the company’s stock, valued at C$677,805.84. This trade represents a 7.50% increase in their position. Also, Director Colin Robertson acquired 10,000 shares of NFI Group stock in a transaction on Friday, August 28th. The shares were purchased at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the purchase, the director directly owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This represents a 3.00% increase in their ownership of the stock. Insiders purchased a total of 16,995 shares of company stock valued at $396,102 over the last quarter. 0.62% of the stock is owned by corporate insiders.

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¿.