NFI Group (TSE:NFI) Raised to “Buy” at Stifel Nicolaus

NFI Group (TSE:NFI) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Monday, BayStreet.CA reports. The firm presently has a C$18.00 target price on the stock, up from their prior target price of C$15.00. Stifel Nicolaus’ price target would suggest a potential upside of 34.53% from the stock’s current price.

A number of other brokerages have also weighed in on NFI. BMO Capital Markets lowered their target price on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. National Bankshares upped their target price on NFI Group from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. ATB Capital upped their target price on NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, CIBC upped their target price on NFI Group from C$11.50 to C$12.00 and gave the stock an “underperform” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat, NFI Group presently has an average rating of “Moderate Buy” and an average price target of C$19.25.

NFI Group Trading Up 3.9 %

Shares of NFI Group stock traded up C$0.50 on Monday, reaching C$13.38. 245,690 shares of the company’s stock were exchanged, compared to its average volume of 132,006. The company has a market capitalization of C$1.59 billion, a P/E ratio of -10.06, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. NFI Group has a 52 week low of C$8.35 and a 52 week high of C$14.55. The firm’s 50-day moving average is C$11.90 and its two-hundred day moving average is C$12.72. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.55 and a current ratio of 1.81.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The firm had revenue of C$1.08 billion for the quarter, compared to analysts’ expectations of C$1.21 billion. Sell-side analysts predict that NFI Group will post 0.2266807 EPS for the current fiscal year.

Insider Activity at NFI Group

In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total value of C$78,798.72. In other NFI Group news, Director Richard Paul Davies bought 2,570 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was purchased at an average cost of C$13.17 per share, with a total value of C$33,846.90. Also, Director Wendy Wai Ting Kei sold 6,888 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$11.44, for a total value of C$78,798.72. In the last three months, insiders purchased 64,228 shares of company stock valued at $734,754. 0.65% of the stock is owned by insiders.

NFI Group Company Profile

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.