NFI Group Inc. (TSE:NFI – Get Free Report) shares reached a new 52-week high on Tuesday. The company traded as high as C$26.28 and last traded at C$26.26, with a volume of 228,760 shares traded. The stock had previously closed at C$25.65.
Analyst Ratings Changes
Several equities analysts recently weighed in on NFI shares. National Bank Financial raised their price target on shares of NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. TD boosted their price objective on NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Stifel Nicolaus boosted their price objective on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets increased their price objective on NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Scotiabank raised their target price on 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. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, NFI Group has a consensus rating of “Buy” and a consensus target price of C$30.50.
View Our Latest Analysis on NFI
NFI Group Stock Performance
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 firm 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 anticipate that NFI Group Inc. will post 1.28 earnings per share for the current fiscal year.
Insider Buying and Selling at NFI Group
In related news, Director Colin Robertson bought 10,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the transaction, the director directly owned 343,783 shares in the company, valued at approximately C$7,752,306.65. The trade was a 3.00% increase in their position. Also, Director John Christopher Sapp purchased 1,900 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of C$24.88 per share, with a total value of C$47,272.00. Following the completion of the acquisition, the director directly owned 27,243 shares of the company’s stock, valued at approximately C$677,805.84. This trade represents a 7.50% increase in their ownership of the stock. Insiders have acquired 16,995 shares of company stock valued at $396,102 in the last 90 days. 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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