Stifel Nicolaus Issues Positive Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its target price increased by stock analysts at Stifel Nicolaus from C$26.00 to C$31.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 25.10% from the company’s previous close.

NFI has been the subject of several other research reports. TD increased their target price on NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets lifted their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday. Canadian Imperial Bank of Commerce upped their price target on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. National Bank Financial raised their price objective on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Scotiabank upped their target price on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, NFI Group presently has a consensus rating of “Buy” and an average price target of C$30.11.

NFI Group Trading Down 0.8%

TSE NFI traded down C$0.20 during trading on Monday, hitting C$24.78. The company had a trading volume of 237,061 shares, compared to its average volume of 318,121. The company’s fifty day moving average is C$24.05 and its 200-day moving average is C$20.77. NFI Group has a one year low of C$12.50 and a one year high of C$26.40. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. The company has a market cap of C$2.95 billion, a price-to-earnings ratio of -23.77, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The company had revenue of C$1.46 billion for the quarter. On average, sell-side analysts predict that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel Barclay bought 25,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at C$1,038,000. The trade was a 100.00% increase in their position. Also, Director Adam L. Gray bought 5,200 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of C$22.55 per share, for a total transaction of C$117,260.00. Following the completion of the purchase, the director owned 25,556,415 shares of the company’s stock, valued at approximately C$576,297,158.25. The trade was a 0.02% increase in their position. Insiders have bought a total of 242,015 shares of company stock worth $5,025,732 over the last three months. Corporate insiders own 0.62% of the company’s stock.

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¿.