Insider Buying: NFI Group (TSE:NFI) Director Purchases 156,600 Shares of Stock

NFI Group Inc. (TSE:NFI) Director Adam Gray acquired 156,600 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the completion of the transaction, the director owned 25,526,215 shares in the company, valued at approximately C$528,137,388.35. This represents a 0.62% increase in their position.

NFI Group Stock Up 0.5%

Shares of TSE:NFI traded up C$0.11 during trading on Tuesday, reaching C$22.96. 179,932 shares of the company traded hands, compared to its average volume of 349,960. The firm has a fifty day simple moving average of C$20.16 and a 200 day simple moving average of C$17.25. The firm has a market cap of C$2.73 billion, a P/E ratio of -22.02, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01. NFI Group Inc. has a 1-year low of C$12.50 and a 1-year high of C$23.00. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05.

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

Analyst Ratings Changes

NFI has been the subject of a number of research analyst reports. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. TD boosted their price objective on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a report on Friday, January 30th. National Bank Financial boosted their price objective on shares of NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Scotiabank boosted their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat.com, NFI Group presently 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¿.