National Bank Financial Raises NFI Group (TSE:NFI) Price Target to C$29.00

NFI Group (TSE:NFI) had its price target increased by stock analysts at National Bank Financial from C$26.00 to C$29.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 13.37% from the company’s current price.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus raised their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Scotiabank increased 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. Canaccord Genuity Group raised shares of NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce boosted their price target on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, TD upped their price target on shares of 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. Three research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, NFI Group presently has a consensus rating of “Buy” and a consensus price target of C$25.38.

NFI Group Stock Down 0.7%

NFI Group stock traded down C$0.19 during mid-day trading on Thursday, hitting C$25.58. The company’s stock had a trading volume of 164,663 shares, compared to its average volume of 324,078. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$25.86. The company has a market cap of C$3.05 billion, a PE ratio of -24.53, a price-to-earnings-growth ratio of -0.07 and a beta of 0.14. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The firm’s 50 day moving average is C$22.73 and its 200 day moving average is C$19.66.

NFI Group (TSE:NFI) last released its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The company had revenue of C$1.17 billion for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. On average, analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Transactions at NFI Group

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 shares were purchased at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the transaction, the insider owned 5,512 shares in the company, valued at C$131,461.20. The trade was a 23.53% increase in their ownership of the stock. Also, Director Colin Robertson acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the transaction, the director owned 333,783 shares of the company’s stock, valued at approximately C$6,949,362.06. This represents a 4.71% increase in their position. Insiders have acquired a total of 242,015 shares of company stock valued at $5,025,732 in the last ninety days. 0.62% of the stock is currently owned by 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¿.