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

NFI Group Inc. (TSE:NFI) has earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$25.00.

A number of research analysts recently weighed in on NFI shares. Stifel Nicolaus lifted their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a report on Friday, January 30th. National Bank Financial raised their price target on shares of NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Scotiabank raised their price target on shares of NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday, May 11th. Finally, TD raised their price target on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th.

Insider Activity

In other news, Director Colin Robertson purchased 15,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$20.82 per share, with a total value of C$312,300.00. Following the acquisition, the director directly owned 333,783 shares in the company, valued at approximately C$6,949,362.06. This trade represents a 4.71% increase in their ownership of the stock. Also, Director Daniel Barclay purchased 25,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at approximately C$1,038,000. This trade represents a 100.00% increase in their ownership of the stock. Insiders bought 240,965 shares of company stock valued at $5,000,690 in the last quarter. 0.62% of the stock is currently owned by company insiders.

NFI Group Stock Up 0.5%

NFI Group stock opened at C$22.96 on Wednesday. NFI Group has a 1-year low of C$12.50 and a 1-year high of C$23.00. The firm has a market capitalization of C$2.73 billion, a price-to-earnings ratio of -22.02, a P/E/G ratio of -0.07 and a beta of 0.01. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. The firm has a 50 day simple moving average of C$20.16 and a 200 day simple moving average of C$17.25.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The business had revenue of C$1.17 billion during the quarter. On average, analysts predict that NFI Group will post 1.2814107 earnings per share for the current year.

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¿.