NFI Group (TSE:NFI) Given New C$29.50 Price Target at Scotiabank

NFI Group (TSE:NFI) had its price target raised by equities research analysts at Scotiabank from C$28.50 to C$29.50 in a research note issued to investors on Monday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank‘s price objective would suggest a potential upside of 21.60% from the company’s current price.

Several other equities analysts also recently weighed in on NFI. TD dropped their price target on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Stifel Nicolaus raised their price objective 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. Canaccord Genuity Group lifted their price objective on NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, August 10th. BMO Capital Markets upped their target price on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$30.94.

NFI Group Price Performance

NFI traded up C$0.01 during midday trading on Monday, reaching C$24.26. 456,760 shares of the company’s stock were exchanged, compared to its average volume of 313,484. 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 stock has a market capitalization of C$2.89 billion, a PE ratio of 53.53, a P/E/G ratio of -0.07 and a beta of 0.20. The business’s 50-day moving average price is C$24.61 and its 200 day moving average price is C$21.95. NFI Group has a 1-year low of C$12.81 and a 1-year high of C$27.37.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$0.39 earnings per share 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$1.43 billion during the quarter. As a group, equities analysts anticipate that NFI Group will post 1.28 EPS for the current fiscal year.

Insider Transactions at NFI Group

In other NFI Group news, Director John Christopher Sapp acquired 1,900 shares of NFI Group stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of C$24.88 per share, for a total transaction of C$47,272.00. Following the completion of the transaction, the director owned 27,243 shares in the company, valued at approximately C$677,805.84. This represents a 7.50% increase in their position. Also, Director Colin Robertson acquired 10,000 shares of NFI Group stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the transaction, the director owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their position. In the last ninety days, insiders have purchased 16,995 shares of company stock worth $396,102. 0.62% of the stock is currently owned by company insiders.

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¿.