NFI Group (TSE:NFI) Stock Breaks Below 50-Day Moving Average – Should You Sell?

NFI Group Inc. (TSE:NFI) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$24.61 and traded as low as C$23.52. NFI Group shares last traded at C$24.25, with a volume of 1,962,869 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have commented on NFI shares. Canaccord Genuity Group boosted their target price on NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, August 10th. BMO Capital Markets raised their price target on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. Stifel Nicolaus lifted their price target on NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a report on Monday, August 10th. TD lowered their price target on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, Scotiabank set a C$28.50 price objective on NFI Group and gave the stock a “sector outperform” rating in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$30.39.

NFI Group Stock Performance

The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 53.51, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20. The firm’s 50 day moving average is C$24.61 and its 200-day moving average is C$21.95. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, November 5th. The company reported C$0.39 EPS for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The firm had revenue of C$1.43 billion for the quarter. Sell-side analysts anticipate that NFI Group Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at NFI Group

In related news, Director John Christopher Sapp purchased 1,900 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the purchase, the director owned 27,243 shares in the company, valued at C$677,805.84. The trade was a 7.50% increase in their position. Also, insider Brian Keith Dewsnup acquired 2,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average cost of C$23.29 per share, for a total transaction of C$46,580.00. Following the acquisition, the insider owned 75,610 shares in the company, valued at C$1,760,956.90. The trade was a 2.72% increase in their position. In the last quarter, insiders purchased 16,995 shares of company stock worth $396,102. 0.62% of the stock is owned by corporate 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¿.