NFI Group (TSE:NFI) Price Target Raised to C$34.00

NFI Group (TSE:NFI) had its price objective boosted by Stifel Nicolaus from C$31.00 to C$34.00 in a report issued on Monday morning,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Scotiabank upped their target price on shares of NFI Group from C$28.50 to C$29.50 and gave the company a “sector outperform” rating in a research note on Monday. TD decreased their price target on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. National Bank Financial boosted their price objective on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, August 10th. ATB Cormark Capital Markets boosted their price objective on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Canaccord Genuity Group upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$30.94.

NFI Group Stock Down 0.5%

Shares of TSE:NFI opened at C$24.42 on Monday. The firm has a market cap of C$2.91 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20. The company has a fifty day simple moving average of C$24.70 and a 200 day simple moving average of C$22.06. The company has a current ratio of 1.21, a quick ratio of 0.55 and a debt-to-equity ratio of 203.33. NFI Group has a 12-month low of C$12.81 and a 12-month high of C$27.37.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Thursday, November 5th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$1.43 billion for the quarter. NFI Group had a net margin of 5.08% and a return on equity of 32.45%. On average, equities research analysts anticipate that NFI Group will post 1.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other NFI Group news, Director Colin Robertson purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the acquisition, the director owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This represents a 3.00% increase in their position. Also, insider Brian Keith Dewsnup acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of C$23.29 per share, with a total value of C$46,580.00. Following the transaction, the insider owned 75,610 shares in the company, valued at approximately C$1,760,956.90. The trade was a 2.72% increase in their ownership of the stock. Insiders have acquired 13,250 shares of company stock worth $301,340 over the last three months. 0.62% of the stock is owned by corporate 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¿.