NFI Group (TSE:NFI) Given New C$27.00 Price Target at Canadian Imperial Bank of Commerce

NFI Group (TSE:NFI – Get Free Report) had its target price lifted by stock analysts at Canadian Imperial Bank of Commerce from C$22.00 to C$27.00 in a research report issued on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 30.94% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. 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 raised their target price on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday. National Bank Financial raised their target price on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday. Scotiabank raised their target price on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, TD Securities upgraded NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$25.00.

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NFI Group Stock Up 0.5%

Shares of NFI stock traded up C$0.10 during trading hours on Tuesday, reaching C$20.62. The company had a trading volume of 157,258 shares, compared to its average volume of 357,141. NFI Group has a 12 month low of C$12.50 and a 12 month high of C$21.98. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The business has a fifty day simple moving average of C$19.15 and a 200-day simple moving average of C$16.70. The company has a market cap of C$2.46 billion, a price-to-earnings ratio of -19.78, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI – Get Free Report) last posted its earnings results 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. On average, research analysts expect that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

About NFI Group

(Get Free Report)

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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