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

NFI Group Inc. (TSE:NFI) has earned an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$22.14.

A number of brokerages have weighed in on NFI. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. National Bank Financial lowered their price target on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Finally, BMO Capital Markets reduced their price objective on NFI Group from C$18.00 to C$17.00 in a report on Monday, December 8th.

Insiders Place Their Bets

In other news, insider Brian Keith Dewsnup purchased 4,100 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were acquired at an average price of C$16.14 per share, for a total transaction of C$66,174.00. Following the completion of the acquisition, the insider directly owned 69,010 shares in the company, valued at approximately C$1,113,821.40. The trade was a 6.32% increase in their ownership of the stock. Also, Director Colin Robertson acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average price of C$15.97 per share, with a total value of C$159,700.00. Following the completion of the transaction, the director owned 56,217 shares of the company’s stock, valued at approximately C$897,785.49. This trade represents a 21.64% increase in their ownership of the stock. In the last 90 days, insiders have bought 15,640 shares of company stock valued at $250,305. 0.62% of the stock is currently owned by corporate insiders.

NFI Group Price Performance

NFI Group stock opened at C$17.88 on Monday. The business’s fifty day moving average is C$16.03 and its two-hundred day moving average is C$16.02. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71. The firm has a market cap of C$2.13 billion, a P/E ratio of -7.33, a P/E/G ratio of -0.07 and a beta of 0.47. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.90.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. NFI Group had a negative return on equity of 3.45% and a negative net margin of 0.79%. Equities research analysts forecast that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.