NFI Group (TSE:NFI) Insider Brian Keith Dewsnup Acquires 2,000 Shares

NFI Group Inc. (TSE:NFI) insider Brian Keith Dewsnup bought 2,000 shares of NFI Group stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the purchase, the insider directly owned 75,610 shares of the company’s stock, valued at approximately C$1,760,956.90. The trade was a 2.72% increase in their ownership of the stock.

NFI Group Stock Performance

NFI stock opened at C$23.25 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The company has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 51.30, a P/E/G ratio of -0.07 and a beta of 0.16. NFI Group Inc. has a 12 month low of C$12.50 and a 12 month high of C$26.40. The firm has a 50 day moving average of C$24.31 and a two-hundred day moving average of C$21.59.

NFI Group (TSE:NFI) last released 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 business had revenue of C$1.46 billion for the quarter. As a group, equities analysts anticipate that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on NFI. TD raised their target price on NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upped their price target on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. National Bank Financial increased their price objective on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, August 10th. BMO Capital Markets increased their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets raised their price objective on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, NFI Group currently has a consensus rating of “Buy” and a consensus price target of C$30.50.

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¿.