NFI Group (TSE:NFI) Insider Douglas John Proven Purchases 1,000 Shares of Stock

NFI Group Inc. (TSE:NFI) insider Douglas John Proven bought 1,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of C$23.24 per share, for a total transaction of C$23,240.00. Following the completion of the transaction, the insider owned 11,000 shares in the company, valued at C$255,640. This represents a 10.00% increase in their ownership of the stock.

NFI Group Stock Down 0.4%

Shares of TSE:NFI opened at C$23.32 on Wednesday. The firm has a market cap of C$2.78 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of -0.07 and a beta of 0.21. The company has a fifty day simple moving average of C$24.32 and a 200 day simple moving average of C$21.95. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$26.40.

NFI Group (TSE:NFI) last released its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. On average, equities research analysts anticipate that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Analyst Ratings Changes

NFI has been the topic of several research reports. TD upped their price objective on NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group lifted their target price 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. Scotiabank boosted their price target on NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets upped their price target on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, BMO Capital Markets raised their price objective on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$30.50.

About NFI Group

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¿.