Daniel Barclay Purchases 25,000 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) Director Daniel Barclay purchased 25,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of C$20.76 per share, for a total transaction of C$519,000.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at C$1,038,000. This represents a 100.00% increase in their position.

NFI Group Stock Performance

Shares of NFI stock opened at C$20.80 on Friday. The company has a market capitalization of C$2.48 billion, a P/E ratio of -19.95, a P/E/G ratio of -0.07 and a beta of 0.01. The business’s 50 day moving average is C$19.47 and its two-hundred day moving average is C$16.87. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$21.98.

NFI Group (TSE:NFI) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. The company had revenue of C$1.17 billion for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. Analysts expect that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFI has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday. ATB Cormark Capital Markets raised their target price on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Scotiabank raised their target price on 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. TD Securities upgraded NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Finally, National Bank Financial raised their target price on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$25.00.

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¿.