NFI Group Inc. (TSE:NFI) Receives Average Recommendation of “Buy” from Brokerages

Shares of NFI Group Inc. (TSE:NFI) have earned an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$30.50.

Several analysts recently issued reports on the stock. Canaccord Genuity Group upped their price target on shares of NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, August 10th. BMO Capital Markets boosted their target price on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. ATB Cormark Capital Markets increased their price target 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. Canadian Imperial Bank of Commerce lifted their price target on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Finally, Scotiabank boosted their price objective on NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th.

NFI Group Stock Performance

Shares of NFI opened at C$22.58 on Friday. The business’s 50 day moving average is C$24.30 and its two-hundred day moving average is C$21.43. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$26.40. The firm has a market cap of C$2.69 billion, a price-to-earnings ratio of 49.82, a PEG ratio of -0.07 and a beta of 0.16. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The business had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. Analysts forecast that NFI Group will post 1.2814107 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Stephen King bought 1,050 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the transaction, the insider owned 5,512 shares in the company, valued at C$131,461.20. The trade was a 23.53% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 1,900 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of C$24.88 per share, with a total value of C$47,272.00. Following 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. In the last ninety days, insiders have acquired 4,795 shares of company stock worth $119,805. 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¿.