NFI Group Inc. (TSE:NFI) Receives C$22.00 Average Target Price from Brokerages

NFI Group Inc. (TSE:NFI) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$22.00.

Several brokerages have commented on NFI. Cibc World Mkts upgraded shares of NFI Group from a “strong sell” rating to a “hold” rating in a research report on Friday, August 2nd. National Bankshares lifted their price target on shares of NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their price target on NFI Group from C$15.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. CIBC raised NFI Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from C$12.50 to C$20.00 in a research note on Friday, August 2nd. Finally, ATB Capital boosted their target price on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd.

NFI Group Trading Down 0.7 %

TSE:NFI opened at C$18.81 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92. The stock’s 50 day simple moving average is C$18.27 and its 200-day simple moving average is C$15.49. NFI Group has a 12-month low of C$10.89 and a 12-month high of C$19.55. The firm has a market cap of C$2.24 billion, a P/E ratio of -42.75, a PEG ratio of -0.07 and a beta of 1.43.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.02. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. The firm had revenue of C$1.16 billion during the quarter, compared to analysts’ expectations of C$1.15 billion. Equities analysts anticipate that NFI Group will post 1.2901907 EPS for the current year.

Insider Buying and Selling at NFI Group

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

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.