Insider Buying: NFI Group (TSE:NFI) Insider Buys 1,000 Shares of Stock

NFI Group Inc. (TSE:NFI) insider Douglas John Proven acquired 1,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average cost of C$23.24 per share, with a total value of C$23,240.00. Following the transaction, the insider directly owned 11,000 shares of the company’s stock, valued at C$255,640. This represents a 10.00% increase in their ownership of the stock.

NFI Group Stock Down 0.4%

Shares of TSE:NFI traded down C$0.10 during midday trading on Tuesday, reaching C$23.32. 136,794 shares of the company were exchanged, compared to its average volume of 316,930. The firm has a market cap of C$2.78 billion, a PE ratio of 51.46, a P/E/G ratio of -0.07 and a beta of 0.21. NFI Group Inc. has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The stock has a fifty day simple moving average of C$24.32 and a two-hundred day simple moving average of C$21.95. 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 firm had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. As a group, sell-side analysts forecast that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFI. ATB Cormark Capital Markets upped their price objective on 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. Stifel Nicolaus boosted their target price on NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group boosted their target price 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. Scotiabank upped their price target on NFI Group from C$27.00 to C$28.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. Finally, BMO Capital Markets raised 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 research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$30.50.

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¿.