NFI Group (TSE:NFI) Stock Rating Upgraded by Canaccord Genuity Group

NFI Group (TSE:NFI) was upgraded by research analysts at Canaccord Genuity Group to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on NFI. National Bank Financial increased their price objective on shares of NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce lifted their target price on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. TD upped their price target on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. ATB Cormark Capital Markets increased their price target on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, Stifel Nicolaus raised their price objective on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$25.00.

NFI Group Stock Down 3.3%

Shares of TSE:NFI opened at C$23.05 on Monday. The stock has a 50-day simple moving average of C$20.56 and a 200-day simple moving average of C$17.53. The stock has a market capitalization of C$2.75 billion, a P/E ratio of -22.11, a PEG ratio of -0.07 and a beta of 0.01. NFI Group has a 1 year low of C$12.50 and a 1 year high of C$24.00. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$1.17 billion for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. Equities analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.

Insiders Place Their Bets

In other NFI Group news, Director Adam L. Gray acquired 156,600 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the acquisition, the director directly owned 25,526,215 shares of the company’s stock, valued at C$528,137,388.35. This trade represents a 0.62% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 2,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the transaction, the director owned 20,653 shares in the company, valued at C$426,690.98. This represents a 13.77% increase in their ownership of the stock. Over the last three months, insiders bought 240,965 shares of company stock worth $5,000,690. 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¿.