NFI Group (TSE:NFI) Trading 14.9% Higher – Here’s Why

Shares of NFI Group Inc. (TSE:NFI) were up 14.9% during mid-day trading on Tuesday . The company traded as high as C$15.24 and last traded at C$14.80. Approximately 220,055 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 281,775 shares. The stock had previously closed at C$12.88.

Wall Street Analyst Weigh In

A number of research firms have commented on NFI. Scotiabank decreased their price target on NFI Group from C$23.00 to C$22.00 in a report on Monday, September 29th. National Bankshares cut their target price on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. BMO Capital Markets decreased their target price on NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. Finally, CIBC dropped their price target on NFI Group from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$21.67.

NFI Group Stock Up 15.0%

The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The stock has a market capitalization of C$1.76 billion, a P/E ratio of -6.08, a PEG ratio of -0.07 and a beta of 0.65. The company has a fifty day moving average price of C$13.83 and a 200-day moving average price of C$16.33.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. NFI Group had a negative return on equity of 3.45% and a negative net margin of 0.79%. As a group, research analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.