NFI Group (TSE:NFI) Stock Price Expected to Rise, Scotiabank Analyst Says

NFI Group (TSE:NFI) had its price objective upped by equities research analysts at Scotiabank from C$28.50 to C$29.50 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank‘s price objective suggests a potential upside of 21.60% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. TD dropped their target price on shares of NFI Group from C$33.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. BMO Capital Markets boosted their price target on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Stifel Nicolaus raised their price objective on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group boosted their target price on shares of NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets increased their target price on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$30.94.

NFI Group Price Performance

Shares of NFI stock traded up C$0.01 during mid-day trading on Monday, hitting C$24.26. 456,760 shares of the stock traded hands, compared to its average volume of 313,484. NFI Group has a twelve month low of C$12.81 and a twelve month high of C$27.37. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 53.53, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20. The company’s 50-day simple moving average is C$24.61 and its 200-day simple moving average is C$21.95. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18.

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

Insider Buying and Selling at NFI Group

In related news, Director John Christopher Sapp purchased 1,900 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of C$24.88 per share, with a total value of C$47,272.00. Following the completion of the purchase, the director owned 27,243 shares of the company’s stock, valued at C$677,805.84. The trade was a 7.50% increase in their position. Also, insider Brian Keith Dewsnup acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the acquisition, the insider owned 75,610 shares of the company’s stock, valued at C$1,760,956.90. This represents a 2.72% increase in their position. In the last quarter, insiders have purchased 16,995 shares of company stock worth $396,102. 0.62% of the stock is currently owned by company insiders.

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¿.