NFI Group Inc. (TSE:NFI) Given Consensus Recommendation of “Buy” by Analysts

NFI Group Inc. (TSE:NFI) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$25.00.

A number of research analysts recently commented on NFI shares. Canaccord Genuity Group raised shares of NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. National Bank Financial boosted their price objective on shares of NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Stifel Nicolaus boosted their price objective on shares of 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. Finally, 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.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director Colin Robertson bought 15,000 shares of NFI Group stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the purchase, the director directly owned 333,783 shares of the company’s stock, valued at C$6,949,362.06. The trade was a 4.71% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 2,500 shares of NFI Group stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of C$20.66 per share, with a total value of C$51,650.00. Following the completion of the purchase, the director directly owned 20,653 shares of the company’s stock, valued at approximately C$426,690.98. The trade was a 13.77% increase in their ownership of the stock. Insiders have bought 240,965 shares of company stock valued at $5,000,690 over the last three months. 0.62% of the stock is owned by insiders.

NFI Group Stock Performance

Shares of NFI opened at C$22.61 on Friday. The company’s 50 day moving average price is C$21.22 and its 200 day moving average price is C$18.09. NFI Group has a 52 week low of C$12.50 and a 52 week high of C$24.00. The company has a market capitalization of C$2.69 billion, a PE ratio of -21.68, a PEG ratio of -0.07 and a beta of 0.24. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The firm had revenue of C$1.17 billion for the quarter. Research analysts expect that NFI Group will post 1.2814107 EPS for the current fiscal 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¿.