NFI Group (TSE:NFI) Price Target Raised to C$29.50

NFI Group (TSE:NFI) had its price objective hoisted by Scotiabank from C$28.50 to C$29.50 in a research report released on Monday morning,BayStreet reports. The firm currently has a sector outperform rating on the stock.

Other analysts have also recently issued reports about the company. National Bank Financial upped their target price on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Stifel Nicolaus lifted their price target on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Canaccord Genuity Group boosted their price objective 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. TD reduced their price objective 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, BMO Capital Markets increased their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$30.94.

NFI Group Price Performance

Shares of TSE:NFI opened at C$24.42 on Monday. The company’s fifty day moving average price is C$24.70 and its 200 day moving average price is C$22.06. NFI Group has a 12 month low of C$12.81 and a 12 month high of C$27.37. The company has a debt-to-equity ratio of 203.33, a current ratio of 1.21 and a quick ratio of 0.55. The firm has a market capitalization of C$2.91 billion, a P/E ratio of 14.92, a P/E/G ratio of -0.07 and a beta of 0.20.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, November 5th. The company reported C$0.39 earnings per share (EPS) for the quarter. The company had revenue of C$1.43 billion during the quarter. NFI Group had a net margin of 5.08% and a return on equity of 32.45%. As a group, sell-side analysts predict that NFI Group will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NFI Group news, insider Brian Keith Dewsnup acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of C$23.29 per share, for a total transaction of C$46,580.00. Following the transaction, the insider directly owned 75,610 shares of the company’s stock, valued at approximately C$1,760,956.90. This represents a 2.72% increase in their ownership of the stock. Also, Director Colin Robertson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the transaction, the director directly owned 343,783 shares in the company, valued at approximately C$7,752,306.65. This represents a 3.00% increase in their ownership of the stock. In the last 90 days, insiders purchased 13,250 shares of company stock worth $301,340. 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¿.