NFI Group Inc. (TSE:NFI) Receives C$25.00 Average Price Target from Brokerages

by · The Cerbat Gem

Shares of NFI Group Inc. (TSE:NFI – Get Free Report) have been given a consensus rating of “Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$25.00.

Several equities research analysts have recently commented on the company. Canadian Imperial Bank of Commerce lifted their target price on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. ATB Cormark Capital Markets lifted their target price on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Stifel Nicolaus lifted their target price on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, TD lifted their target price on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th.

View Our Latest Research Report on NFI

Insider Transactions at NFI Group

In other news, Director Daniel Barclay bought 25,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of C$20.76 per share, with a total value of C$519,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$1,038,000. This represents a 100.00% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 2,500 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost 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 in the company, valued at approximately C$426,690.98. This trade represents a 13.77% increase in their position. Insiders purchased a total of 240,965 shares of company stock valued at $5,000,690 over the last quarter. Corporate insiders own 0.62% of the company’s stock.

NFI Group Trading Up 1.1%

NFI stock opened at C$22.78 on Friday. The business has a fifty day moving average price of C$21.56 and a 200 day moving average price of C$18.38. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$24.00. The stock has a market capitalization of C$2.71 billion, a price-to-earnings ratio of -21.85, a P/E/G ratio of -0.07 and a beta of 0.24. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55.

NFI Group (TSE:NFI – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The firm had revenue of C$1.17 billion during the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. Analysts expect that NFI Group will post 1.2814107 EPS for the current fiscal year.

NFI Group Company Profile

(Get Free Report)

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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