NFI Group Inc. (TSE:NFI) Given Consensus Rating of “Buy” by Analysts

Shares of NFI Group Inc. (TSE:NFI – Get Free Report) have been assigned an average rating of “Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$30.50.

Several equities research analysts recently commented on NFI shares. Canaccord Genuity Group raised their target price on NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, August 10th. TD increased their price objective on shares of NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Stifel Nicolaus increased their price objective on shares of NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce lifted their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Finally, Scotiabank boosted their target price on shares of NFI Group from C$27.00 to C$28.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th.

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Insider Buying and Selling at NFI Group

In other news, Director John Christopher Sapp purchased 1,900 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the purchase, the director directly owned 27,243 shares of the company’s stock, valued at approximately C$677,805.84. This represents a 7.50% increase in their position. Also, insider Stephen King acquired 1,050 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the acquisition, the insider directly owned 5,512 shares in the company, valued at C$131,461.20. This represents a 23.53% increase in their ownership of the stock. Insiders have purchased a total of 4,795 shares of company stock worth $119,805 in the last ninety days. 0.62% of the stock is currently owned by insiders.

NFI Group Stock Up 1.4%

Shares of NFI Group stock opened at C$22.58 on Friday. NFI Group has a twelve month low of C$12.50 and a twelve month high of C$26.40. The stock has a market cap of C$2.69 billion, a price-to-earnings ratio of 49.82, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. The company has a fifty day moving average price of C$24.30 and a 200 day moving average price of C$21.43.

NFI Group (TSE:NFI – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. The company had revenue of C$1.46 billion for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. Equities research analysts forecast that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

About NFI Group

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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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