Insider Buying: NFI Group (TSE:NFI) Director Purchases C$47,490.30 in Stock

NFI Group Inc. (TSE:NFI) Director John Christopher Sapp bought 1,845 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of C$25.74 per share, with a total value of C$47,490.30. Following the completion of the acquisition, the director owned 25,343 shares of the company’s stock, valued at C$652,328.82. This trade represents a 7.85% increase in their position.

NFI Group Stock Performance

Shares of NFI stock opened at C$24.38 on Friday. NFI Group Inc. has a one year low of C$12.50 and a one year high of C$26.40. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The company has a 50 day moving average price of C$24.24 and a 200 day moving average price of C$21.03. The firm has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 53.80, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16.

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

Wall Street Analyst Weigh In

NFI has been the subject of a number of research reports. Scotiabank boosted their price target on NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a research report on Wednesday. TD raised their price objective on NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets lifted their price objective on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. National Bank Financial boosted their target price on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, BMO Capital Markets increased their target price on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$30.50.

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¿.