NFI Group (TSE:NFI) Hits New 12-Month High – Time to Buy?

NFI Group Inc. (TSE:NFI) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$20.94 and last traded at C$20.77, with a volume of 37231 shares trading hands. The stock had previously closed at C$20.56.

Analyst Ratings Changes

NFI has been the topic of a number of research analyst reports. National Bank Financial cut their price objective on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Scotiabank boosted their price target on shares of NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Finally, ATB Cormark Capital Markets upped 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. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$22.43.

NFI Group Stock Performance

The company has a current ratio of 1.47, a quick ratio of 0.55 and a debt-to-equity ratio of 220.13. The stock has a market cap of C$2.53 billion, a price-to-earnings ratio of -17.78, a PEG ratio of -0.07 and a beta of -0.07. The stock’s 50 day moving average is C$18.34 and its two-hundred day moving average is C$16.15.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.68 EPS for the quarter. NFI Group had a negative net margin of 3.80% and a negative return on equity of 24.33%. The company had revenue of C$1.33 billion for the quarter. Analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

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¿.