NFI Group Inc. (TSE:NFI) Stock Has Average Price Target of C$30.50 According to Analysts

Shares of NFI Group Inc. (TSE:NFI) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$30.50.

Several analysts recently weighed in on NFI shares. BMO Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. TD raised 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, August 10th. National Bank Financial lifted 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. ATB Cormark Capital Markets upped their price target on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Stifel Nicolaus increased their price target on NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research note on Monday, August 10th.

Insider Buying and Selling

In other news, insider Brian Keith Dewsnup bought 2,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the transaction, the insider owned 75,610 shares of the company’s stock, valued at C$1,760,956.90. This trade represents a 2.72% increase in their position. Also, Director John Christopher Sapp purchased 1,900 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the acquisition, the director owned 27,243 shares in the company, valued at approximately C$677,805.84. The trade was a 7.50% increase in their position. Insiders have purchased a total of 16,745 shares of company stock valued at $390,082 over the last ninety days. 0.62% of the stock is owned by company insiders.

NFI Group Stock Up 2.5%

TSE:NFI opened at C$24.23 on Tuesday. NFI Group 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 current ratio of 1.18 and a quick ratio of 0.55. The company has a market cap of C$2.89 billion, a PE ratio of 53.46, a P/E/G ratio of -0.07 and a beta of 0.21. The firm’s 50 day simple moving average is C$24.19 and its 200 day simple moving average is C$22.29.

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. The firm had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. On average, research analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

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¿.