NFI Group Inc. (TSE:NFI) Receives Average Rating of “Buy” from Analysts

Shares of NFI Group Inc. (TSE:NFI) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$25.00.

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. ATB Cormark Capital Markets boosted their target price on NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Scotiabank boosted their target price on 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. TD Securities upgraded NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Finally, National Bank Financial boosted their target price on NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th.

NFI Group Price Performance

Shares of NFI stock opened at C$20.01 on Wednesday. The stock has a 50-day moving average price of C$19.62 and a 200 day moving average price of C$16.98. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of -19.19, a PEG ratio of -0.07 and a beta of 0.01. NFI Group has a 12 month low of C$12.50 and a 12 month high of C$21.98.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$1.17 billion during the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. Research analysts expect that NFI Group will post 1.2814107 EPS for the current year.

Insider Activity

In related news, Director John Christopher Sapp bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the transaction, the director owned 20,653 shares of the company’s stock, valued at C$426,690.98. This represents a 13.77% increase in their ownership of the stock. Also, Director Daniel Barclay bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately C$1,038,000. This trade represents a 100.00% increase in their position. Insiders have bought a total of 28,500 shares of company stock valued at $591,530 over the last 90 days. 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¿.