NFI Group Inc. (TSE:NFI) Given Average Recommendation of “Buy” by Brokerages

NFI Group Inc. (TSE:NFI) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$27.25.

NFI has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce increased their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Stifel Nicolaus boosted their target price 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. National Bank Financial upped their price target on NFI Group from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. BMO Capital Markets increased their price target on NFI Group from C$27.00 to C$32.00 in a report on Friday. Finally, TD increased their price target on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th.

Insider Activity at NFI Group

In other news, insider Stephen King bought 1,050 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of C$23.85 per share, for a total transaction of C$25,042.50. Following the acquisition, the insider directly owned 5,512 shares in the company, valued at approximately C$131,461.20. This trade represents a 23.53% increase in their ownership of the stock. Also, Director Daniel Barclay bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of C$20.76 per share, for a total transaction of C$519,000.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at C$1,038,000. This represents a 100.00% increase in their ownership of the stock. Insiders acquired 242,015 shares of company stock valued at $5,025,732 over the last three months. 0.62% of the stock is currently owned by company insiders.

NFI Group Price Performance

NFI Group stock opened at C$24.98 on Monday. The company has a market capitalization of C$2.98 billion, a PE ratio of -23.96, a PEG ratio of -0.07 and a beta of 0.16. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$26.39. The firm’s fifty day moving average is C$24.05 and its 200 day moving average is C$20.77. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The business had revenue of C$1.46 billion during the quarter. As a group, sell-side analysts predict that NFI Group will post 1.2814107 EPS for the current fiscal year.

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¿.