NFI Group (TSE:NFI) Sets New 12-Month High at $19.40

NFI Group Inc. (TSE:NFI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$19.40 and last traded at C$19.14, with a volume of 35046 shares changing hands. The stock had previously closed at C$19.16.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. National Bankshares lifted their price objective on shares of NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of NFI Group from C$15.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. ATB Capital raised their target price on NFI Group from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Cibc World Mkts upgraded NFI Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, CIBC upgraded shares of NFI Group from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$12.50 to C$20.00 in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, NFI Group has an average rating of “Moderate Buy” and an average target price of C$22.00.

NFI Group Price Performance

The company has a market cap of C$2.28 billion, a P/E ratio of -43.55, a PEG ratio of -0.07 and a beta of 1.42. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55. The company has a fifty day simple moving average of C$16.98 and a 200-day simple moving average of C$14.37.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.02 by C$0.02. The firm had revenue of C$1.16 billion for the quarter, compared to analysts’ expectations of C$1.15 billion. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. On average, sell-side analysts predict that NFI Group Inc. will post 0.2414861 earnings per share for the current year.

Insiders Place Their Bets

In other NFI Group news, Senior Officer Jason Michael Pellaers sold 2,145 shares of NFI Group stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$18.78, for a total value of C$40,283.10. Insiders own 0.62% of the company’s stock.

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.