Scotiabank Issues Positive Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its price target hoisted by equities researchers at Scotiabank from C$27.00 to C$28.50 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 12.92% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. National Bank Financial lifted 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. Canadian Imperial Bank of Commerce increased their price target on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. ATB Cormark Capital Markets raised their price target on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Monday. Stifel Nicolaus increased their target price on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday. Finally, Canaccord Genuity Group increased their target price on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$30.50.

NFI Group Trading Down 0.1%

Shares of NFI Group stock traded down C$0.03 on Wednesday, hitting C$25.24. 266,981 shares of the company traded hands, compared to its average volume of 317,795. The stock’s 50 day moving average price is C$24.11 and its 200-day moving average price is C$20.89. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. NFI Group has a 52 week low of C$12.50 and a 52 week high of C$26.40. The company has a market cap of C$3.01 billion, a PE ratio of 55.69, a PEG ratio of -0.07 and a beta of 0.16.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The firm had revenue of C$1.46 billion during the quarter. Equities research analysts predict that NFI Group will post 1.2814107 EPS for the current year.

Insiders Place Their Bets

In related news, insider Stephen King bought 1,050 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were acquired 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 of the company’s stock, valued at C$131,461.20. The trade was a 23.53% increase in their ownership of the stock. Also, Director Adam L. Gray purchased 5,200 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of C$22.55 per share, for a total transaction of C$117,260.00. Following the completion of the acquisition, the director directly owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. This trade represents a 0.02% increase in their position. In the last 90 days, insiders have acquired 188,515 shares of company stock valued at $3,913,702. 0.62% of the stock is owned by company insiders.

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¿.