NFI Group (TSE:NFI) Sets New 52-Week High – Here’s What Happened

NFI Group Inc. (TSE:NFI)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$24.03 and last traded at C$24.00, with a volume of 114163 shares trading hands. The stock had previously closed at C$22.95.

Analyst Ratings Changes

A number of brokerages have weighed in on NFI. TD lifted their target price on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce raised their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Stifel Nicolaus lifted their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Three analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, NFI Group currently has a consensus rating of “Buy” and an average target price of C$25.00.

NFI Group Stock Performance

The firm has a market cap of C$2.86 billion, a P/E ratio of -23.01, a PEG ratio of -0.07 and a beta of 0.24. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. The company’s 50-day moving average is C$21.93 and its two-hundred day moving average is C$18.75.

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

Insiders Place Their Bets

In other news, Director Colin Robertson acquired 15,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of C$20.82 per share, with a total value of C$312,300.00. Following the acquisition, the director directly owned 333,783 shares of the company’s stock, valued at C$6,949,362.06. The trade was a 4.71% increase in their ownership of the stock. Also, Director John Christopher Sapp acquired 2,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the acquisition, the director directly owned 20,653 shares in the company, valued at approximately C$426,690.98. The trade was a 13.77% increase in their ownership of the stock. Insiders bought a total of 242,015 shares of company stock worth $5,025,732 in the last three months. 0.62% of the stock is owned by corporate insiders.

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¿.