NFI Group (TSE:NFI) Hits New 1-Year High – Here’s Why

NFI Group Inc. (TSE:NFI) shares hit a new 52-week high on Tuesday. The stock traded as high as C$26.28 and last traded at C$26.26, with a volume of 228,760 shares changing hands. The stock had previously closed at C$25.65.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NFI shares. TD increased their price target on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a report on Monday, August 10th. BMO Capital Markets raised their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Stifel Nicolaus boosted their price objective on shares of 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 upped their target price on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, ATB Cormark Capital Markets upped their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$30.50.

NFI Group Stock Up 2.5%

The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The company has a market cap of C$3.13 billion, a PE ratio of 58.03, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. The company has a fifty day moving average price of C$24.05 and a 200 day moving average price of C$22.91.

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 business had revenue of C$1.46 billion for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. As a group, analysts anticipate that NFI Group Inc. will post 1.28 EPS for the current year.

Insiders Place Their Bets

In related news, Director Colin Robertson acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was bought 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. The trade was a 3.00% increase in their position. Also, insider Brian Keith Dewsnup acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average cost of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the acquisition, the insider directly owned 75,610 shares in the company, valued at C$1,760,956.90. The trade was a 2.72% increase in their position. Insiders purchased a total of 16,995 shares of company stock valued at $396,102 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

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¿.