NFI Group (TSE:NFI) Price Target Raised to C$29.00

NFI Group (TSE:NFI) had its price objective raised by National Bank Financial from C$26.00 to C$29.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on NFI. Stifel Nicolaus upped their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. TD lifted their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a report on Monday, June 1st. Scotiabank increased their price target on shares of NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Two 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.com, the company presently has an average rating of “Buy” and an average target price of C$25.38.

NFI Group Price Performance

TSE:NFI opened at C$25.50 on Thursday. NFI Group has a one year low of C$12.50 and a one year high of C$25.86. The stock has a market cap of C$3.04 billion, a PE ratio of -24.46, a P/E/G ratio of -0.07 and a beta of 0.14. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25. The stock has a 50 day moving average price of C$22.89 and a 200 day moving average price of C$19.77.

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

Insider Activity

In other news, insider Stephen King bought 1,050 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the transaction, the insider directly owned 5,512 shares in the company, valued at C$131,461.20. This trade represents a 23.53% increase in their ownership of the stock. Also, Director Daniel Barclay bought 25,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$20.76 per share, for a total transaction of C$519,000.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at C$1,038,000. This trade represents a 100.00% increase in their ownership of the stock. Insiders have bought a total of 242,015 shares of company stock worth $5,025,732 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

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¿.