NFI Group (TSE:NFI) Given New C$22.00 Price Target at National Bankshares

NFI Group (TSE:NFI) had its price target reduced by equities research analysts at National Bankshares from C$28.00 to C$22.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 27.17% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on NFI. BMO Capital Markets dropped their price target on shares of NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, NFI Group presently has an average rating of “Buy” and a consensus target price of C$22.14.

NFI Group Stock Up 1.4%

Shares of TSE:NFI traded up C$0.24 on Tuesday, reaching C$17.30. The company had a trading volume of 157,032 shares, compared to its average volume of 263,000. The firm’s 50 day simple moving average is C$15.34 and its 200-day simple moving average is C$16.13. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. NFI Group has a 52-week low of C$9.83 and a 52-week high of C$19.90. The firm has a market capitalization of C$2.06 billion, a PE ratio of -7.10, a PEG ratio of -0.07 and a beta of 0.60.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 0.79% and a negative return on equity of 3.45%. As a group, analysts expect that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

Insider Transactions at NFI Group

In other NFI Group news, insider Brian Keith Dewsnup purchased 4,100 shares of the stock in a transaction dated Friday, December 26th. The shares were acquired at an average price of C$16.14 per share, for a total transaction of C$66,174.00. Following the completion of the acquisition, the insider owned 69,010 shares of the company’s stock, valued at C$1,113,821.40. This represents a 6.32% increase in their position. Also, Director Colin Robertson bought 10,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were acquired at an average cost of C$15.97 per share, for a total transaction of C$159,700.00. Following the purchase, the director owned 56,217 shares in the company, valued at approximately C$897,785.49. This represents a 21.64% increase in their ownership of the stock. Insiders have acquired 15,640 shares of company stock valued at $250,305 over the last ninety days. 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¿.