NFI Group (TSE:NFI) Price Target Raised to C$25.00

NFI Group (TSE:NFI – Get Free Report) had its target price upped by Scotiabank from C$24.50 to C$25.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 21.83% from the stock’s previous close.

A number of other brokerages have also recently weighed in on NFI. ATB Cormark Capital Markets lifted their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. TD lifted their price target on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday. National Bank Financial reduced their price target on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Stifel Nicolaus lifted their price objective on shares of NFI Group from C$23.00 to C$25.50 and gave the company a “buy” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, NFI Group currently has an average rating of “Buy” and an average target price of C$24.06.

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NFI Group Trading Down 4.1%

NFI stock traded down C$0.88 during midday trading on Monday, reaching C$20.52. 336,690 shares of the company’s stock traded hands, compared to its average volume of 357,448. The company has a market capitalization of C$2.44 billion, a P/E ratio of -17.19, a PEG ratio of -0.07 and a beta of 0.01. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$21.98. The business has a 50-day moving average price of C$19.01 and a two-hundred day moving average price of C$16.60.

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

NFI Group Company Profile

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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¿.

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