NFI Group (TSE:NFI) Price Target Raised to C$31.00

NFI Group (TSE:NFI) had its target price lifted by Stifel Nicolaus from C$26.00 to C$31.00 in a research note published on Monday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms also recently issued reports on NFI. TD boosted their price target on NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research note on Monday. National Bank Financial increased their price objective on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday. Canadian Imperial Bank of Commerce lifted their target price on NFI Group from C$22.00 to C$27.00 in a 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 company a “sector outperform” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets upped their price target on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$30.50.

NFI Group Trading Down 1.2%

Shares of TSE:NFI opened at C$24.96 on Monday. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$26.40. The stock has a market cap of C$2.97 billion, a PE ratio of 55.08, a P/E/G ratio of -0.07 and a beta of 0.16. The business has a 50 day moving average of C$24.16 and a 200-day moving average of C$20.95. 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 announced its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$1.46 billion for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. As a group, equities research analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Adam L. Gray purchased 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of C$22.55 per share, for a total transaction of C$117,260.00. Following the completion of the purchase, the director owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. This represents a 0.02% increase in their position. Also, insider Stephen King purchased 1,050 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the purchase, the insider owned 5,512 shares of the company’s stock, valued at C$131,461.20. This trade represents a 23.53% increase in their position. Over the last quarter, insiders bought 188,515 shares of company stock valued at $3,913,702. 0.62% of the stock is owned by company 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¿.