Stephen King Purchases 665 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Stephen King bought 665 shares of the stock in a transaction on Monday, May 25th. The stock was acquired at an average cost of C$22.70 per share, for a total transaction of C$15,095.50. Following the acquisition, the insider directly owned 4,462 shares in the company, valued at approximately C$101,287.40. The trade was a 17.51% increase in their ownership of the stock.

NFI Group Stock Performance

NFI opened at C$22.96 on Wednesday. The firm has a market capitalization of C$2.73 billion, a P/E ratio of -22.02, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01. The stock’s 50 day moving average price is C$20.16 and its two-hundred day moving average price is C$17.25. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$23.00.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. TD raised their price target on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research 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 stock a “sector outperform” rating in a research report on Monday, May 11th. National Bank Financial raised their price target on shares of NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Stifel Nicolaus raised their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$25.00.

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¿.