NFI Group Inc. (TSE:NFI) Given Consensus Recommendation of “Moderate Buy” by Analysts

NFI Group Inc. (TSE:NFI) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$18.58.

A number of equities analysts recently issued reports on NFI shares. BMO Capital Markets lowered their price objective on shares of NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. CIBC upped their price target on shares of NFI Group from C$11.50 to C$12.00 and gave the stock an “underperform” rating in a report on Monday, January 22nd. Finally, National Bankshares raised their price objective on NFI Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th.

Insider Transactions at NFI Group

In other NFI Group news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of NFI Group stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of C$8.39 per share, with a total value of C$48,213.75. In other news, Director Richard Paul Davies bought 2,570 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was acquired at an average price of C$13.17 per share, with a total value of C$33,846.90. Also, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of C$8.39 per share, for a total transaction of C$48,213.75. Over the last 90 days, insiders have acquired 64,228 shares of company stock worth $734,754. Company insiders own 0.78% of the company’s stock.

NFI Group Price Performance

NFI Group stock opened at C$11.08 on Friday. The company has a debt-to-equity ratio of 161.79, a quick ratio of 0.55 and a current ratio of 1.84. NFI Group has a 52 week low of C$7.05 and a 52 week high of C$14.55. The stock has a market capitalization of C$1.32 billion, a P/E ratio of -5.51, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. The stock has a fifty day moving average of C$11.95 and a 200-day moving average of C$12.81.

NFI Group (TSE:NFI) last released its earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. The firm had revenue of C$1.08 billion for the quarter, compared to analysts’ expectations of C$1.21 billion. NFI Group had a negative return on equity of 21.27% and a negative net margin of 5.07%. On average, sell-side analysts expect that NFI Group will post 0.2237351 earnings per share for the current fiscal year.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.