NFI Group (TSE:NFI) Sets New 1-Year High – Here’s What Happened

NFI Group Inc. (TSE:NFI) reached a new 52-week high during trading on Tuesday. The company traded as high as C$26.28 and last traded at C$26.26, with a volume of 228,760 shares trading hands. The stock had previously closed at C$25.65.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NFI shares. Scotiabank increased their price target on NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th. BMO Capital Markets increased their target price on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. Canaccord Genuity Group raised their target price on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Stifel Nicolaus raised their target price on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, National Bank Financial lifted their price target on shares of NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$30.50.

NFI Group Trading Down 1.1%

The stock has a market cap of C$3.02 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. 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 company’s 50 day simple moving average is C$24.08 and its two-hundred day simple moving average is C$23.01.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) 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 during the quarter. Research analysts expect that NFI Group Inc. will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John Christopher Sapp acquired 1,900 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of C$24.88 per share, for a total transaction of C$47,272.00. Following the completion of the purchase, the director directly owned 27,243 shares of the company’s stock, valued at C$677,805.84. The trade was a 7.50% increase in their position. Also, Director Colin Robertson acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the acquisition, the director owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This represents a 3.00% increase in their position. Over the last quarter, insiders have purchased 16,995 shares of company stock valued at $396,102. 0.62% of the stock is owned by company 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¿.