NFI Group (TSE:NFI) Price Target Raised to C$32.00

NFI Group (TSE:NFI) had its price objective boosted by ATB Cormark Capital Markets from C$31.00 to C$32.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. TD boosted their target price on shares of NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a report on Monday. National Bank Financial lifted their price objective on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets upped their target price on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Scotiabank raised 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 note on Monday, May 11th. Finally, Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$30.50.

NFI Group Stock Down 1.2%

NFI Group stock opened at C$24.96 on Monday. The firm has a market cap of C$2.97 billion, a price-to-earnings ratio of 55.08, a PEG ratio of -0.07 and a beta of 0.16. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$26.40. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The firm has a 50 day moving average price of C$24.16 and a two-hundred day moving average price of C$20.95.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The company had revenue of C$1.46 billion for the quarter. Equities analysts predict that NFI Group will post 1.2814107 EPS for the current year.

Insider Activity

In other news, insider Stephen King bought 1,050 shares of NFI Group stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of C$23.85 per share, for a total transaction of C$25,042.50. Following the purchase, the insider directly owned 5,512 shares in the company, valued at approximately C$131,461.20. This represents a 23.53% increase in their position. Also, Director Adam L. Gray bought 156,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of C$20.69 per share, with a total value of C$3,240,054.00. Following the completion of the transaction, the director directly owned 25,526,215 shares in the company, valued at C$528,137,388.35. This represents a 0.62% increase in their ownership of the stock. Insiders have bought 188,515 shares of company stock worth $3,913,702 in the last quarter. Company insiders own 0.62% of the company’s stock.

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¿.