NFI Group (TSE:NFI) Upgraded to Buy at Stifel Canada

NFI Group (TSE:NFI) was upgraded by equities researchers at Stifel Canada from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Several other research analysts have also issued reports on NFI. National Bankshares dropped their price target on shares of NFI Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Monday. Stifel Nicolaus upgraded NFI Group from a “hold” rating to a “buy” rating and raised their target price for the stock from C$15.00 to C$18.00 in a research report on Monday. CIBC increased their price objective on NFI Group from C$12.00 to C$12.50 and gave the stock an “underperform” rating in a research note on Tuesday. ATB Capital boosted their target price on shares of NFI Group from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday. Finally, BMO Capital Markets dropped their target price on shares of NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.33.

NFI Group Trading Down 0.7 %

NFI Group stock opened at C$13.22 on Monday. The business has a 50 day moving average price of C$11.93 and a two-hundred day moving average price of C$12.72. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 163.50. NFI Group has a 12 month low of C$8.35 and a 12 month high of C$14.55. The stock has a market cap of C$1.57 billion, a price-to-earnings ratio of -9.94, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, topping the consensus estimate of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The firm had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. As a group, equities analysts forecast that NFI Group will post 0.2266807 EPS for the current year.

Insider Activity at NFI Group

In related news, Director Richard Paul Davies acquired 2,570 shares of the stock in a transaction on Thursday, March 28th. The stock was purchased at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In other news, Director Richard Paul Davies bought 2,570 shares of the stock in a transaction dated Thursday, March 28th. The stock was bought at an average cost of C$13.17 per share, with a total value of C$33,846.90. Also, Director Wendy Wai Ting Kei sold 6,888 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$11.44, for a total value of C$78,798.72. Insiders acquired 64,228 shares of company stock valued at $734,754 over the last ninety days. 0.65% of the stock is owned by insiders.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.