Shares of NFI Group Inc. (TSE:NFI – Get Free Report) have earned an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$25.00.
A number of analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce upped their price objective on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Stifel Nicolaus lifted their target price on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Scotiabank boosted their target price on 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. ATB Cormark Capital Markets upped their price target on NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Finally, Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a research report on Monday, June 1st.
Check Out Our Latest Research Report on NFI
NFI Group Trading Down 2.1%
NFI Group (TSE:NFI – Get Free Report) last announced its 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 anticipate that NFI Group will post 1.2814107 EPS for the current fiscal year.
Insider Buying and Selling at NFI Group
In other news, insider Stephen King bought 1,050 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of C$23.85 per share, for a total transaction of C$25,042.50. Following the completion of the purchase, the insider owned 5,512 shares of the company’s stock, valued at approximately C$131,461.20. This represents a 23.53% increase in their ownership of the stock. Also, Director Adam L. Gray bought 156,600 shares of NFI Group stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the acquisition, the director owned 25,526,215 shares of the company’s stock, valued at C$528,137,388.35. This represents a 0.62% increase in their ownership of the stock. In the last 90 days, insiders acquired 242,015 shares of company stock valued at $5,025,732. 0.62% of the stock is currently owned by company 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¿.
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