NFI Group (TSE:NFI) Price Target Raised to C$26.00

NFI Group (TSE:NFI) had its target price raised by investment analysts at National Bank Financial from C$22.00 to C$26.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 26.71% from the company’s current price.

Other research analysts have also recently issued reports about the company. ATB Cormark Capital Markets lifted their price objective on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Scotiabank lifted their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday. TD lifted their price objective on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their price objective on NFI Group from C$23.00 to C$25.50 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, TD Securities raised NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, NFI Group presently has a consensus rating of “Buy” and a consensus price target of C$24.06.

NFI Group Price Performance

Shares of TSE NFI traded down C$0.88 during midday trading on Monday, reaching C$20.52. 336,690 shares of the company traded hands, compared to its average volume of 357,448. The firm has a market cap of C$2.44 billion, a PE ratio of -17.19, a PEG ratio of -0.07 and a beta of 0.01. The stock’s 50-day simple moving average is C$19.01 and its 200-day simple moving average is C$16.60. NFI Group has a 12 month low of C$12.50 and a 12 month high of C$21.98. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

NFI Group (TSE:NFI) last issued its quarterly earnings data 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 during the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. As a group, equities analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

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¿.