NFI Group Inc. (TSE:NFI) Stock Has Average Target Price of C$30.50 According to Brokerages

Shares of NFI Group Inc. (TSE:NFI) have been assigned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$30.50.

Several brokerages have commented on NFI. Scotiabank set a C$28.50 price target on NFI Group and gave the stock a “sector outperform” rating in a research note on Thursday, October 15th. ATB Cormark Capital Markets raised their target price 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. Stifel Nicolaus raised their target price on NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a report on Monday, August 10th. National Bank Financial boosted their price target on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, Canaccord Genuity Group upped their price target on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th.

Insider Buying and Selling

In other NFI Group news, Director Colin Robertson bought 10,000 shares of the stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the purchase, the director directly 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 ownership of the stock. Also, insider Brian Keith Dewsnup bought 2,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the purchase, the insider directly owned 75,610 shares of the company’s stock, valued at approximately C$1,760,956.90. This represents a 2.72% increase in their ownership of the stock. Insiders have bought 16,995 shares of company stock valued at $396,102 in the last quarter. Company insiders own 0.62% of the company’s stock.

NFI Group Trading Down 1.0%

TSE NFI opened at C$25.00 on Friday. The company has a market cap of C$2.98 billion, a P/E ratio of 55.16, a P/E/G ratio of -0.07 and a beta of 0.24. NFI Group has a 12 month low of C$12.50 and a 12 month high of C$26.40. 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 50-day moving average of C$24.16 and a 200-day moving average of C$23.30.

NFI Group (TSE:NFI) last released its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The business had revenue of C$1.46 billion for the quarter. As a group, equities analysts predict that NFI Group will post 1.28 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¿.