Stephen King Buys 665 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Stephen King acquired 665 shares of the business’s stock in a transaction on Monday, May 25th. The shares were bought at an average cost of C$22.70 per share, for a total transaction of C$15,095.50. Following the acquisition, the insider owned 4,462 shares of the company’s stock, valued at C$101,287.40. This represents a 17.51% increase in their position.

NFI Group Stock Up 3.8%

NFI stock traded up C$0.84 during midday trading on Monday, reaching C$22.85. 169,344 shares of the company were exchanged, compared to its average volume of 351,678. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25. NFI Group Inc. has a 1-year low of C$12.50 and a 1-year high of C$22.85. The stock’s 50-day simple moving average is C$20.04 and its 200 day simple moving average is C$17.19. The company has a market cap of C$2.72 billion, a price-to-earnings ratio of -21.91, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The company had revenue of C$1.17 billion for the quarter. On average, equities analysts forecast that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NFI shares. ATB Cormark Capital Markets lifted their target price on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a report on Friday, January 30th. National Bank Financial lifted their target price on shares of NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. TD lifted their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$25.00.

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¿.