Scotiabank Analysts Give NFI Group (TSE:NFI) a C$28.50 Price Target

by · The Cerbat Gem

Scotiabank set a C$28.50 price target on NFI Group (TSE:NFI – Free Report) in a research note published on Thursday,BayStreet reports. The firm currently has a sector outperform rating on the stock.

NFI has been the subject of a number of other research reports. ATB Cormark Capital Markets lifted 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 note on Monday, August 10th. TD increased their price objective on shares of 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. National Bank Financial increased their price objective 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. BMO Capital Markets raised their price objective on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Finally, Canaccord Genuity Group raised their price objective on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$30.50.

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NFI Group Stock Performance

Shares of NFI opened at C$25.32 on Thursday. The business’s 50 day moving average is C$24.10 and its two-hundred day moving average is C$23.06. 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$3.02 billion, a price-to-earnings ratio of 55.87, a PEG ratio of -0.07 and a beta of 0.24. 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 – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. The company had revenue of C$1.46 billion during the quarter. Analysts forecast that NFI Group will post 1.28 EPS for the current fiscal year.

Insider Activity

In other NFI Group news, Director John Christopher Sapp acquired 1,900 shares of the 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 transaction, the director directly owned 27,243 shares in the company, valued at approximately C$677,805.84. This represents a 7.50% increase in their ownership of the stock. Also, Director Colin Robertson acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the purchase, the director owned 343,783 shares of the company’s stock, valued at C$7,752,306.65. This trade represents a 3.00% increase in their ownership of the stock. In the last three months, insiders acquired 16,995 shares of company stock valued at $396,102. Company insiders own 0.62% of the company’s stock.

NFI Group Company Profile

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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¿.

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