NFI Group (TSE:NFI) Price Target Raised to C$32.00 at BMO Capital Markets

NFI Group (TSE:NFI) had its price objective raised by BMO Capital Markets from C$27.00 to C$32.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. National Bank Financial upped their target price on NFI Group from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Scotiabank upped their target price 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 raised their target price on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$27.25.

NFI Group Stock Up 0.5%

NFI Group stock opened at C$24.98 on Friday. 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 has a 52-week low of C$12.50 and a 52-week high of C$26.39. The firm has a 50 day moving average price of C$24.05 and a two-hundred day moving average price of C$20.75. The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of -23.96, a PEG ratio of -0.07 and a beta of 0.16.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 EPS 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$1.46 billion for the quarter. Equities analysts predict that NFI Group will post 1.2814107 EPS for the current year.

Insider Transactions at NFI Group

In other NFI Group news, Director Adam L. Gray acquired 156,600 shares of NFI Group stock in a transaction dated Thursday, May 21st. The stock was purchased at an average cost of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the completion of the acquisition, the director directly owned 25,526,215 shares of the company’s stock, valued at C$528,137,388.35. This represents a 0.62% increase in their ownership of the stock. Also, insider Stephen King bought 1,050 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the transaction, the insider owned 5,512 shares of the company’s stock, valued at C$131,461.20. This represents a 23.53% increase in their ownership of the stock. In the last three months, insiders purchased 242,015 shares of company stock valued at $5,025,732. Corporate insiders own 0.62% of the company’s stock.

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¿.