NFI Group (TSE:NFI) had its price objective cut by National Bank Financial from C$62.00 to C$59.00 in a research note issued to investors on Tuesday, October 16th. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for NFI Group’s Q3 2018 earnings at $0.81 EPS, FY2018 earnings at $3.72 EPS and FY2019 earnings at $4.03 EPS.
Separately, BMO Capital Markets upped their target price on NFI Group from C$55.00 to C$56.00 in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. NFI Group currently has an average rating of Buy and an average price target of C$55.40.
Shares of TSE:NFI traded up C$0.16 during trading on Tuesday, reaching C$41.26. 368,000 shares of the stock were exchanged, compared to its average volume of 206,437. The company has a current ratio of 2.00, a quick ratio of 1.00 and a debt-to-equity ratio of 78.47. NFI Group has a 12-month low of C$38.59 and a 12-month high of C$61.25.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, September 27th. NFI Group’s payout ratio is 35.92%.
About NFI Group
NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.
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