NFI Group (TSE:NFI) Stock Rating Upgraded by Canaccord Genuity Group

NFI Group (TSE:NFI) was upgraded by analysts at Canaccord Genuity Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on NFI. Canadian Imperial Bank of Commerce upped their target price on shares of NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. TD upped 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. Scotiabank upped their target price on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. National Bank Financial upped their target price on shares of NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, ATB Cormark Capital Markets upped their target price on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Three analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$25.00.

NFI Group Trading Down 3.3%

TSE NFI opened at C$23.05 on Monday. 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 firm has a market cap of C$2.75 billion, a price-to-earnings ratio of -22.11, a PEG ratio of -0.07 and a beta of 0.01. The firm has a 50 day simple moving average of C$20.56 and a 200-day simple moving average of C$17.53. NFI Group has a one year low of C$12.50 and a one year high of C$24.00.

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

Insider Activity

In other news, Director Daniel Barclay bought 25,000 shares of NFI Group stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at C$1,038,000. The trade was a 100.00% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 2,500 shares of NFI Group stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the acquisition, the director owned 20,653 shares of the company’s stock, valued at C$426,690.98. This represents a 13.77% increase in their ownership of the stock. Insiders bought 240,965 shares of company stock worth $5,000,690 in the last ninety days. 0.62% of the stock is owned by 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¿.