NFI Group Inc. (TSE:NFI) Given Average Recommendation of “Moderate Buy” by Analysts

NFI Group Inc. (TSE:NFI) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$17.46.

Several brokerages have issued reports on NFI. ATB Capital upgraded shares of NFI Group from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$14.50 to C$17.00 in a research report on Thursday, November 9th. Atb Cap Markets upgraded shares of NFI Group from a “speculative” rating to an “outperform” rating in a report on Wednesday, November 8th. National Bankshares boosted their target price on shares of NFI Group from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. BMO Capital Markets set a C$17.00 target price on shares of NFI Group and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus set a C$15.00 target price on shares of NFI Group and gave the stock a “hold” rating in a research note on Tuesday.

NFI Group Stock Performance

NFI stock opened at C$13.84 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.89 and a debt-to-equity ratio of 165.58. NFI Group has a twelve month low of C$7.00 and a twelve month high of C$14.48. The business’s fifty day moving average is C$13.09 and its 200-day moving average is C$11.53. The company has a market cap of C$1.65 billion, a P/E ratio of -2.78, a price-to-earnings-growth ratio of -0.07 and a beta of 1.32.

NFI Group (TSE:NFI) last released its earnings results on Wednesday, November 8th. The company reported C($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.43) by C($0.12). The firm had revenue of C$952.54 million for the quarter, compared to the consensus estimate of C$937.55 million. NFI Group had a negative return on equity of 40.59% and a negative net margin of 11.16%. Equities research analysts forecast that NFI Group will post 0.3100565 EPS for the current year.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, and the Asia Pacific. It operates through OEM Manufacturing Operations and Aftermarket Operations segments. The OEM Manufacturing Operations segment designs, manufactures, and sells transit buses, motor coaches, and medium-duty and cutaway buses.