NFI Group (TSE:NFI) Posts Earnings Results

NFI Group (TSE:NFI) issued its quarterly earnings results on Thursday. The company reported C$0.33 EPS for the quarter, FiscalAI reports. The company had revenue of C$1.46 billion during the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%.

NFI Group Trading Up 0.5%

NFI stock traded up C$0.12 during trading on Friday, reaching C$24.98. 411,940 shares of the stock were exchanged, compared to its average volume of 318,724. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. The business has a 50 day moving average price of C$24.05 and a 200-day moving average price of C$20.75. NFI Group has a 1 year low of C$12.50 and a 1 year high of C$26.39. The firm has a market capitalization of C$2.98 billion, a price-to-earnings ratio of -23.96, a P/E/G ratio of -0.07 and a beta of 0.16.

Insider Buying and Selling

In other news, insider Stephen King purchased 1,050 shares of NFI Group stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the transaction, the insider owned 5,512 shares in the company, valued at C$131,461.20. This represents a 23.53% increase in their ownership of the stock. Also, Director Daniel Barclay purchased 25,000 shares of NFI Group stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of C$20.76 per share, for a total transaction of C$519,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately C$1,038,000. This trade represents a 100.00% increase in their position. Insiders acquired a total of 242,015 shares of company stock worth $5,025,732 over the last ninety days. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on NFI shares. Scotiabank lifted their target price on shares of NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce raised their target price on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a report on Monday, June 1st. BMO Capital Markets raised their target price on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday. Finally, TD upped their price target on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$27.25.

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¿.