NFI Group (TSE:NFI) Insider Acquires C$46,580.00 in Stock

NFI Group Inc. (TSE:NFI) insider Brian Keith Dewsnup bought 2,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of C$23.29 per share, for a total transaction of C$46,580.00. Following the acquisition, the insider owned 75,610 shares of the company’s stock, valued at C$1,760,956.90. This trade represents a 2.72% increase in their position.

NFI Group Stock Performance

NFI stock traded up C$0.26 during midday trading on Wednesday, reaching C$23.19. 98,950 shares of the company’s stock traded hands, compared to its average volume of 322,176. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. NFI Group Inc. has a 52-week low of C$12.50 and a 52-week high of C$26.40. The stock has a market cap of C$2.76 billion, a P/E ratio of 51.17, a PEG ratio of -0.07 and a beta of 0.16. The stock’s 50-day moving average is C$24.31 and its 200 day moving average is C$21.55.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts anticipate that NFI Group Inc. will post 1.2814107 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. ATB Cormark Capital Markets boosted their price objective on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. TD lifted their price target on shares of NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a report on Monday, August 10th. Scotiabank increased their price objective on shares of NFI Group from C$27.00 to C$28.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th. Stifel Nicolaus raised their price objective on shares of NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, National Bank Financial lifted their target price on shares of NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$30.50.

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¿.