NFI Group (TSE:NFI) Reaches New 12-Month High – What’s Next?

NFI Group Inc. (TSE:NFI) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$26.60 and last traded at C$26.57, with a volume of 122,345 shares trading hands. The stock had previously closed at C$25.96.

Analysts Set New Price Targets

NFI has been the subject of several research reports. TD reduced their price target on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. ATB Cormark Capital Markets increased 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 research report on Monday, August 10th. Scotiabank set a C$28.50 target price on NFI Group and gave the company a “sector outperform” rating in a report on Thursday, October 15th. BMO Capital Markets boosted their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Finally, Stifel Nicolaus boosted their target price on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$30.39.

NFI Group Stock Up 3.2%

The firm has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 59.09, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The business’s 50 day moving average is C$24.42 and its 200-day moving average is C$21.82.

NFI Group (TSE:NFI) last released its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The firm had revenue of C$1.46 billion during the quarter. Equities analysts anticipate that NFI Group Inc. will post 1.28 EPS for the current fiscal year.

Insider Transactions at NFI Group

In other NFI Group news, insider Brian Keith Dewsnup acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average cost of C$23.29 per share, for a total transaction of C$46,580.00. Following the completion of the purchase, the insider owned 75,610 shares of the company’s stock, valued at approximately C$1,760,956.90. This trade represents a 2.72% increase in their position. Also, Director John Christopher Sapp acquired 1,900 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of C$24.88 per share, with a total value of C$47,272.00. Following the transaction, the director directly owned 27,243 shares in the company, valued at C$677,805.84. The trade was a 7.50% increase in their position. Over the last ninety days, insiders have acquired 16,995 shares of company stock worth $396,102. Company 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¿.