NFI Group (TSE:NFI) Director Purchases C$519,000.00 in Stock

NFI Group Inc. (TSE:NFI) Director Daniel Barclay purchased 25,000 shares of NFI Group stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$1,038,000. This represents a 100.00% increase in their ownership of the stock.

NFI Group Price Performance

Shares of TSE:NFI opened at C$20.80 on Friday. NFI Group Inc. has a 1-year low of C$12.50 and a 1-year high of C$21.98. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The business has a fifty day moving average price of C$19.47 and a 200-day moving average price of C$16.87. The company has a market capitalization of C$2.48 billion, a PE ratio of -19.95, a PEG ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.The firm had revenue of C$1.17 billion during the quarter. As a group, equities analysts expect that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NFI. Stifel Nicolaus raised their price target on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets raised their price target on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. National Bank Financial raised their price target on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Scotiabank increased their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research report on Monday, May 11th. Finally, TD increased their price objective on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$25.00.

NFI Group Company Profile

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¿.