NFI Group (TSE:NFI) Stock Gets Price Target Reduction from TD

NFI Group (TSE:NFI) had its price objective lowered by analysts at TD from C$33.00 to C$32.00 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD‘s price objective suggests a potential upside of 27.24% from the company’s current price.

NFI has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. ATB Cormark Capital Markets boosted their price target on shares of 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. Scotiabank set a C$28.50 price objective on shares of NFI Group and gave the stock a “sector outperform” rating in a report on Thursday, October 15th. National Bank Financial lifted their target price on shares of NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Canaccord Genuity Group increased their price target on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat.com, NFI Group currently has a consensus rating of “Buy” and an average target price of C$30.39.

NFI Group Stock Performance

Shares of NFI Group stock traded down C$0.42 during midday trading on Wednesday, hitting C$25.15. The company had a trading volume of 135,601 shares, compared to its average volume of 301,531. The stock has a market cap of C$3.00 billion, a PE ratio of 55.49, a P/E/G ratio of -0.07 and a beta of 0.24. NFI Group has a 1-year low of C$12.50 and a 1-year high of C$26.40. The business’s 50 day simple moving average is C$24.20 and its two-hundred day simple moving average is C$21.59. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The business had revenue of C$1.46 billion for the quarter. As a group, equities analysts predict that NFI Group will post 1.28 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian Keith Dewsnup acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average cost of C$23.29 per share, for a total transaction of C$46,580.00. Following the completion of the transaction, the insider directly owned 75,610 shares in the company, valued at C$1,760,956.90. This trade represents a 2.72% increase in their ownership of the stock. Also, Director Colin Robertson acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the transaction, the director owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their ownership of the stock. Insiders have bought 16,995 shares of company stock valued at $396,102 over the last 90 days. 0.62% of the stock is owned by company insiders.

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¿.