NFI Group (TSE:NFI) Price Target Raised to C$30.00

by · The Cerbat Gem

NFI Group (TSE:NFI – Free Report) had its target price raised by National Bank Financial from C$29.00 to C$30.00 in a report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently commented on NFI. Canadian Imperial Bank of Commerce raised their price objective on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. BMO Capital Markets boosted their target price on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. Stifel Nicolaus increased their price target on NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Scotiabank raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$30.50.

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NFI Group Stock Down 1.2%

Shares of TSE:NFI opened at C$24.96 on Monday. The company has a 50 day moving average price of C$24.16 and a two-hundred day moving average price of C$20.95. 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 has a market capitalization of C$2.97 billion, a PE 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.

NFI Group (TSE:NFI – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share 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. Analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Activity at NFI Group

In related news, insider Stephen King acquired 1,050 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of C$23.85 per share, for a total transaction of C$25,042.50. Following the completion of the acquisition, the insider directly owned 5,512 shares in the company, valued at approximately C$131,461.20. The trade was a 23.53% increase in their position. Also, Director Adam L. Gray acquired 156,600 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of C$20.69 per share, for a total transaction 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 position. Insiders bought 188,515 shares of company stock valued at $3,913,702 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

About NFI Group

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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¿.

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