Stifel Nicolaus Forecasts Strong Price Appreciation for NFI Group (TSE:NFI) Stock

NFI Group (TSE:NFI) had its price target upped by stock analysts at Stifel Nicolaus from C$25.50 to C$26.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 26.09% from the stock’s previous close.

Several other analysts also recently commented on NFI. ATB Cormark Capital Markets increased their target price on 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. Scotiabank increased their target price on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research note on Monday. National Bank Financial increased their target price on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday. TD increased their target price on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday. Finally, TD Securities upgraded NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$25.00.

NFI Group Stock Up 0.5%

NFI traded up C$0.10 during trading on Tuesday, hitting C$20.62. 157,258 shares of the company’s stock traded hands, compared to its average volume of 357,141. The company’s 50 day simple moving average is C$19.15 and its two-hundred day simple moving average is C$16.70. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$21.98. The stock has a market capitalization of C$2.46 billion, a price-to-earnings ratio of -19.78, a PEG ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.The business had revenue of C$1.17 billion for the quarter. Analysts predict that NFI Group 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¿.