NFI Group (TSE:NFI) Hits New 52-Week High – Here’s Why

Shares of NFI Group Inc. (TSE:NFI) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$26.60 and last traded at C$26.57, with a volume of 122,345 shares. The stock had previously closed at C$25.96.

Wall Street Analyst Weigh In

NFI has been the subject of a number of research reports. TD decreased their price objective on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Stifel Nicolaus boosted their target price on NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Scotiabank set a C$28.50 target price on NFI Group and gave the company a “sector outperform” rating in a research note on Thursday, October 15th. Canaccord Genuity Group upped their price target on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, National Bank Financial raised their price target on shares of NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$30.39.

NFI Group Price Performance

The company’s 50-day moving average price is C$24.58 and its two-hundred day moving average price is C$21.91. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The company has a market capitalization of C$2.87 billion, a P/E ratio of 53.16, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.39 earnings per share for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. The business had revenue of C$1.43 billion during the quarter. As a group, sell-side analysts expect that NFI Group Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling

In other NFI Group news, Director Colin Robertson acquired 10,000 shares of NFI Group stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the purchase, the director directly owned 343,783 shares of the company’s stock, valued at C$7,752,306.65. This represents a 3.00% increase in their position. Also, Director John Christopher Sapp purchased 1,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of C$24.88 per share, for a total transaction of C$47,272.00. Following the completion of the acquisition, the director directly owned 27,243 shares in the company, valued at C$677,805.84. The trade was a 7.50% increase in their position. In the last 90 days, insiders have bought 16,995 shares of company stock worth $396,102. Corporate insiders own 0.62% of the company’s stock.

NFI Group Company Profile

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¿.