NFI Group (TSE:NFI – Get Free Report) had its target price increased by analysts at Canaccord Genuity Group from C$35.00 to C$36.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 45.28% from the stock’s previous close.
Other analysts have also issued research reports about the stock. ATB Cormark Capital Markets lifted their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank increased their price target on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research note on Monday, May 11th. BMO Capital Markets raised their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday. Stifel Nicolaus lifted their price objective on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce upped their price objective on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, NFI Group has an average rating of “Buy” and a consensus target price of C$30.11.
Get Our Latest Research Report on NFI Group
NFI Group Trading Down 0.8%
NFI Group (TSE:NFI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. The company had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. On average, analysts predict that NFI Group will post 1.2814107 earnings per share for the current year.
Insider Activity
In other news, Director Daniel Barclay bought 25,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of C$20.76 per share, for a total transaction of C$519,000.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at approximately C$1,038,000. This trade represents a 100.00% increase in their position. Also, Director Colin Robertson purchased 15,000 shares of NFI Group stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the transaction, the director owned 333,783 shares of the company’s stock, valued at approximately C$6,949,362.06. This represents a 4.71% increase in their ownership of the stock. In the last 90 days, insiders have 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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