Shares of NFI Group Inc. (TSE:NFI – Get Free Report) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$30.50.
NFI has been the topic of several research reports. Scotiabank upped their price objective on shares of NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. National Bank Financial raised their target price on shares of NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. 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, August 10th. Canaccord Genuity Group lifted their target price on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, BMO Capital Markets boosted their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th.
Check Out Our Latest Report on NFI
NFI Group Trading Down 0.9%
NFI Group (TSE:NFI – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The firm had revenue of C$1.46 billion for the quarter. Sell-side analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.
Insider Buying and Selling at NFI Group
In other NFI Group news, Director Colin Robertson bought 10,000 shares of the stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the acquisition, the director owned 343,783 shares of the company’s stock, valued at C$7,752,306.65. This trade represents a 3.00% increase in their ownership of the stock. Also, insider Brian Keith Dewsnup purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the transaction, the insider owned 75,610 shares of the company’s stock, valued at C$1,760,956.90. This represents a 2.72% increase in their position. Insiders acquired 16,995 shares of company stock valued at $396,102 in the last quarter. Company insiders own 0.62% of the company’s stock.
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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