Stephen King Purchases 665 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Stephen King bought 665 shares of the firm’s stock in a transaction on Monday, May 25th. The shares were bought at an average price of C$22.70 per share, for a total transaction of C$15,095.50. Following the completion of the transaction, the insider directly owned 4,462 shares in the company, valued at approximately C$101,287.40. This represents a 17.51% increase in their position.

NFI Group Price Performance

Shares of TSE NFI traded up C$0.84 during trading on Monday, hitting C$22.85. 169,344 shares of the company were exchanged, compared to its average volume of 351,678. The company has a market cap of C$2.72 billion, a price-to-earnings ratio of -21.91, a PEG ratio of -0.07 and a beta of 0.01. NFI Group Inc. has a 1 year low of C$12.50 and a 1 year high of C$22.85. The firm’s fifty day moving average price is C$20.04 and its 200 day moving average price is C$17.19. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The company 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%. On average, sell-side analysts expect that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NFI has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce boosted their target price on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Scotiabank boosted their target price on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 11th. Stifel Nicolaus boosted 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. National Bank Financial boosted their price objective 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 Securities upgraded shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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¿.