NFI Group (TSE:NFI) Sets New 12-Month High – Still a Buy?

NFI Group Inc. (TSE:NFI)’s stock price hit a new 52-week high on Friday . The company traded as high as C$22.17 and last traded at C$22.12, with a volume of 240862 shares changing hands. The stock had previously closed at C$20.75.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. National Bank Financial boosted their target price on shares of NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Scotiabank boosted their target price on shares of NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research note on Monday, May 11th. Finally, TD boosted their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$25.00.

NFI Group Price Performance

The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25. The business’s 50 day simple moving average is C$19.92 and its 200-day simple moving average is C$17.11. The stock has a market capitalization of C$2.62 billion, a price-to-earnings ratio of -21.11, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last posted 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 during the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. Research analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Insider Buying and Selling at NFI Group

In related news, Director John Christopher Sapp purchased 2,500 shares of NFI Group stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of C$20.66 per share, with a total value of C$51,650.00. Following the purchase, the director owned 20,653 shares in the company, valued at approximately C$426,690.98. The trade was a 13.77% increase in their position. Also, Director Colin Robertson purchased 15,000 shares of NFI Group stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of C$20.82 per share, with a total value of C$312,300.00. Following the completion of the purchase, the director owned 333,783 shares in the company, valued at approximately C$6,949,362.06. This trade represents a 4.71% increase in their position. Insiders bought 53,500 shares of company stock valued at $1,112,030 in the last ninety days. Company insiders own 0.62% of the company’s stock.

NFI Group Company Profile

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¿.