NFI Group Inc. (TSE:NFI) Receives Average Rating of “Buy” from Analysts

Shares of NFI Group Inc. (TSE:NFI) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Six 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 price objective among brokers that have covered the stock in the last year is C$30.50.

A number of research analysts have issued reports on the stock. ATB Cormark Capital Markets increased their target price 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. TD boosted their price target on NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group raised their price objective on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. National Bank Financial lifted their price objective on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Stifel Nicolaus upped their target price on 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.

NFI Group Stock Down 0.2%

NFI opened at C$23.95 on Tuesday. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The company has a market capitalization of C$2.85 billion, a P/E ratio of 52.85, a P/E/G ratio of -0.07 and a beta of 0.21. The stock has a fifty day moving average of C$24.14 and a 200-day moving average of C$22.40.

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

Insider Activity at NFI Group

In other news, Director John Christopher Sapp acquired 1,900 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the completion of the transaction, the director directly owned 27,243 shares of the company’s stock, valued at C$677,805.84. This trade represents a 7.50% increase in their position. Also, Director Colin Robertson acquired 10,000 shares of NFI Group stock in a transaction on Friday, August 28th. The shares were purchased at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the purchase, the director directly owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This represents a 3.00% increase in their ownership of the stock. Insiders purchased a total of 16,995 shares of company stock valued at $396,102 over the last quarter. 0.62% of the stock is owned by corporate 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¿.