NFI Group (TSE:NFI) Releases Earnings Results

NFI Group (TSE:NFI) issued its earnings results on Thursday. The company reported C$0.25 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.17 billion for the quarter. NFI Group had a negative return on equity of 24.33% and a negative net margin of 3.80%.

NFI Group Trading Up 1.5%

TSE:NFI traded up C$0.32 during trading hours on Thursday, hitting C$21.51. 234,926 shares of the company were exchanged, compared to its average volume of 351,914. The stock has a market capitalization of C$2.56 billion, a price-to-earnings ratio of -18.02, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01. The company has a current ratio of 1.47, a quick ratio of 0.55 and a debt-to-equity ratio of 220.13. NFI Group has a one year low of C$12.08 and a one year high of C$21.80. The company has a fifty day simple moving average of C$19.01 and a 200 day simple moving average of C$16.60.

Analyst Ratings Changes

NFI has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price 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. TD Securities upgraded NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. National Bank Financial dropped their price target on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Scotiabank increased their price target on NFI Group from C$22.00 to C$24.50 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th. Finally, ATB Cormark Capital Markets increased their price target on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, NFI Group presently has an average rating of “Buy” and an average price target of C$23.14.

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¿.